The first batch of bonds is worth P30 billion, with a base offer of P20 billion and an oversubscription amount of P10 billion for excess demand.
When is the first tranche?
Aboitiz Power plans to offer the first batch of its retail bonds to the public in the second quarter of 2025, depending on market conditions.
The company expects to list these bonds on the Philippine Dealing & Exchange Corp. by the third quarter of the year.
Other details to be finalized
Its management will determine key details like the total amount, interest rates, pricing, and repayment terms, as well as appoint the firms handling the sale.
The funds raised will help pay off existing company debts and support general business operations.
