Aboitiz Power Corp. approved the sale of P10 billion worth of fixed-rate retail bonds in the third quarter to finance ongoing power projects and other capital expenditures.
"At this special meeting today, the board of directors of Aboitiz Power authorized the issuance, in one or more tranches, of peso-denominated fixed-rate retail bonds up to the aggregate amount of P10 billion, inclusive of any oversubscription," the company said in a disclosure to the stock exchange Wednesday.
|Source Institution||Securities and Exchange Commission|
|Place of Publication||Mandaluyong City|
|Original Publication Date||June 19, 2014|