AboitizPower to Prepay ?2.5-B Retail Bonds Before 2028 Maturity

Business | Energy Posted on 2025-09-18 20:22:51

MANILA – Aboitiz Power Corporation announced it will fully redeem its ₱2.5 billion 10-year fixed-rate retail bonds this month, four years ahead of the 2028 maturity, after securing fresh capital.

The bonds, issued in 2018 under the company’s ₱30-billion Shelf Registration Debt Program, carry an annual interest rate of 8.5091 percent.

In a disclosure to the Philippine Stock Exchange on Thursday, AboitizPower said its Board of Directors approved the early redemption during its meeting on Wednesday.

The company is coordinating with BDO Unibank, Inc.-Trust and Investments Group and the Philippine Depository and Trust Corporation—the trustee and registrar/paying agent for the 2018 Series C Bonds—for the release of redemption notices and computation of payments due to bondholders.

AboitizPower said it continues to pursue energy projects across the country, with six renewable energy developments and a coal plant expansion targeted for completion by next year.

NPO News Team | PNA-PR

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