Sun.Star Cebu - Aboitiz Power offers P3B notes

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Aboitiz Power offers P3B notes

Friday, November 07, 2008
Aboitiz Power offers P3B notes

ABOITIZ Power Corp. (AP) launched yesterday the issuance of five-year and seven-year peso-denominated corporate fixed rate notes worth P3 billion, with option to increase depending on market demand.

The notes will be offered in a private placement to not more than 19 institutional investors.

AP expects to close the offering by end of the year.

The proceeds of the notes issuance will be used to finance AP’s planned acquisitions, as well as for other general corporate purposes.

The joint lead managers of the notes issuance are BDO Capital and Investment Corp., BPI Capital Corp., First Metro Investment Corp. and ING Bank N.V., Manila Branch. (PR)

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(November 7, 2008 issue)
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