Aboitiz Power Corp. will prepay as much as P7.7 billion for its 5.25-year fixed-rate retail bonds issued on Oct. 25, 2018.
In a disclosure to the Philippine Stock Exchange yesterday, the company said it is exercising its optional redemption right as the issuance has an original maturity date of January 2024.
Aboitiz Power will prepay the amount on October 25 with BDO Unibank Inc. Trust and Investment Group. and the Philippine Depository and Trust Corp. acting as the trustee, registrar and paying agent for the corresponding notices and computation of the amounts due to the bondholders.
As of October 2021, Aboitiz Power had the second biggest share in installed generating capacity in the entire country at 5,049.86 megawatts (MW) equivalent to a share of 21.56 percent of the total 23,422.34 MW.
Aboitiz Power targets to double its capacity to 9,200 MW by 2030, wherein 4,600 MW is targeted for renewable energy projects located both local and overseas. – Jed Macapagal
