By Marisa Wong
Madison, Wis., Nov. 20 - Aboitiz Equity Ventures, Inc. issued PHP 8 billion of seven-year and 10-year fixed-rate corporate retail bonds, according to a 17-C filing with the Philippine Securities and Exchange Commission,
The seven-year bonds have a coupon of 4.4125%, and the 10-year bonds have a coupon of 4.6188%.
The company appointed First Metro Investment Corp. and HSBC as the joint lead underwriters for the issue, as previously announced.
Earlier this month, the Philippine SEC approved the issuance of PHP 8 billion of fixed-rate bonds with an up to PHP 2 billion oversubscription option.
As noted before, proceeds will be used to finance investments and general corporate purposes.
The Philippine Dealing and Exchange Corp. approved listing of the bonds effective Thursday.
Aboitiz Equity Ventures is the holding company for Aboitiz & Co.'s power, banking, food and transport businesses. The group is based in Cebu City, Philippines.
| Issuer: | Aboitiz Equity Ventures, Inc.
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| Issue: | Fixed-rate corporate retail bonds
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| Amount: | PHP 8 billion
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| Underwriters: | First Metro Investment Corp. and HSBC
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| Announcement date: | Nov. 20
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| Seven-year bonds
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| Maturity: | Nov. 21, 2020
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| Coupon: | 4.4125%
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| 10-year bonds
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| Maturity: | Nov. 21, 2023
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| Coupon: | 4.6188%
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