MANILA, July 31 (PNA) — Philippine conglomerate Aboitiz Equity Ventures, Inc. (AEV) completed Friday its offer of the first tranche of its fixed-rate retail bonds amounting to Php24 billion.
“The bonds were well received by both institutional and retail investors during the offer period resulting in an order book that was 2.7x oversubscribed,” AEV told the local bourse.
The first tranche was issued in three series: the Series A bonds due on 2020 with a fixed interest rate of 4.4722 percent, the Series B Bonds due on 2022 with a fixed interest rate of 5.0056 percent, and the Series C bonds due on 2027 with a fixed interest rate of 6.0169 percent per annum.
The retail bonds offering run from July 28 to July 31.
The bonds will be listed on the Philippine Dealing & Exchange Corporation. (PNA)