Aboitiz Equity Ventures Inc. Lists the Third Tranche of its PHP 30 Billion Sec-Approved Shelf-Registered ProgramPosted on: August 9, 2021
09 August 2021, Makati, Philippines — Aboitiz Equity Ventures Inc. (AEV), listed its PHP 10 Billion 4-year and 7-year bonds on the Philippine Dealing & Exchange Corp. (PDEx). The bonds carry a coupon rate of 3.2977% and 4.1018%, respectively, to be paid quarterly.
AEV is a returning issuer who embodies principles of sustainable development and good corporate citizenship. It comes as no surprise that AEV has chosen to utilize the e-Securities Issue Portal (e-SIP) and in turn protected many trees in the form of conserving paper for this issuance.
“The Aboitiz group has long implemented ESG principles in its business model and this is highlighted by good ratings from S&P Global Corporate Sustainability Assessment, Sustainalytics and MSCI”, said PDEx President and CEO Antonino Nakpil as he recognized AEV’s efforts in promoting and practicing sustainable development.
“While the net proceeds of this bond offering will partially refinance maturing debt obligations, it will also partially finance future funding requirements of Aboitiz Infracapital for its towers project. The towers project’s rationale is to heed the government’s call to help improve the Philippines’ physical Information and Communications Technology (ICT) infrastructure, by building 50,000 additional cell towers.”, shared AEV Chief Financial Officer Manuel Lozano.
“Through our towers project, we are able to help achieve UN Sustainable Development Goal No. 9, which seeks to significantly increase access to information and communications technology and strive to provide universal and affordable access to the Internet in least developed countries.”, added Mr. Lozano.
This 13th listing for 2021 brings the year-to-date total of new listings to PHP 146.99 Billion, pushing the total level of tradable corporate debt instruments to PHP 1.39 Trillion issued by 52 companies, comprised of 198 securities.