Alsons gets SEC nod for P1.6-B debt sale to power growth

The Alcantara family's Alsons Consolidated Resources Inc. has received Securities and Exchange Commission (SEC) approval for the sale of up to P1.6 billion in commercial paper, marking the first tranche of its P3 billion debt program.

The issuance includes a P1.2-billion base offer and an oversubscription option of P400 million. 

The approval was granted under the Securities and Exchange Commission - Markets and Securities Regulation Department (SEC-MSRD) Order of Registration. 

ACR operates three power facilities with a combined capacity of 468 megawatts, supplying electricity to over eight million people across 14 cities and 11 provinces.

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