Aboitiz Equity Ventures calls PHP 1.8 billion bonds due 2023 at 101

By Marisa Wong

Los Angeles, Oct. 15 – Philippines’ Aboitiz Equity Ventures Inc. said it intends to redeem all of its outstanding 10-year fixed-rate retail bonds issued Nov. 21, 2013 ahead of their maturity in 2023.

The PHP 1.8 billion of outstanding bonds will be redeemed in full on Nov. 21 at 101, according a 17-C filing with the Philippine Securities and Exchange Commission.

The company said it will be using existing cash to prepay the bonds.

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.

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