SEC approves AEV's P10-B bond offering

Published July 27, 2021, 3:19 PM

by James A. Loyola

The Securities and Exchange Commission has approved the planned bond offering of Aboitiz Equity Ventures Inc. that will raise up to P10 billion.

In a disclosure to the Philippine Stock Exchange, AEV said it has received the Certificate of Permit to Offer Securities for Sale from the SEC.


The permit allows AEV to offer and issue the third tranche of retail bonds from its SEC-registered P30 billion peso-denominated fixed-rate retail bonds shelf registration program.

The third tranche bonds, with a principal amount of P5 billion and an oversubscription option of up to P5 billion, will be issued on August 9, 2021. The offer period will commence on July 26, 2021 and will end on July 30, 2021.

The Company has appointed BDO Capital & Investment Corporation, BPI Capital Corporation, China Bank Capital Corporation, SB Capital Investment Corporation, and First Metro Investment Corporation as Joint Issue Managers, Joint Bookrunners, and Joint Lead Underwriters; BDO Unibank, Inc. – Trust and Investments Group as the Trustee; and Philippine Depository & Trust Corp. as the Registrar and Paying Agent.

AEV said it intends to list the Bonds with the Philippine Dealing & Exchange Corporation.

The Bonds earlier received the highest possible rating of “PRS Aaa” from the Philippine Rating Services Corporation.