SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Mar 23, 2017

2. SEC Identification Number

C199800134

3. BIR Tax Identification No.

200-652-460-000

4. Exact name of issuer as specified in its charter

ABOITIZ POWER CORPORATION

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

32nd Street, Bonifacio Global City, Taguig City, Metro Manila, Philippines Postal Code 1634

8. Issuer's telephone number, including area code

(02) 886-2800

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Stock P1 Par Value	7,358,604,307
Amount of Debt Outstanding (As of Dec. 31, 2016)	214,217,468,000.00

11. Indicate the item numbers reported herein

9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Aboitiz Power CorporationAP

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Matters Approved by the Board in its Regular Board Meeting dated March 23, 2017
Background/Description of the Disclosure
The Board of Directors of Aboitiz Power Corporation (the “Company”) approved at today’s regular board meeting: (1) The issuance of peso-denominated fixed-rate retail bonds in the aggregate amount of up to Php30 billion (the “Retail Bonds”), to be issued in one or more tranches depending on market conditions. The Retail Bonds will be registered under the shelf registration program of the Securities and Exchange Commission, and the first tranche is expected to be offered to the general public in 2017. The Company intends to list the first tranche of the Retail Bonds with the Philippine Dealing and Exchange Corporation. The Board of Directors delegated to Management the final determination of the offer price, tenors, and other terms and conditions of the Retail Bonds. The Company will use the proceeds of the Retail Bonds to finance potential acquisitions, future investments, and other general corporate requirements. (2) The creation of the Board Related Party Transaction Committee (the “Board RPT Committee”) to monitor, review, and approve material related party transactions among related parties to ensure that such transactions are conducted on an arm’s length basis and at market rates. The first members of the Board RPT Committee shall be appointed during the Company’s 2017 Organizational Meeting on May 15, 2017.
Other Relevant Information
Please see attached.