C04653-2021

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)
Jul 5, 2021
2. SEC Identification Number
CEO2536
3. BIR Tax Identification No.
003-828-269-V
4. Exact name of issuer as specified in its charter
ABOITIZ EQUITY VENTURES INC.
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) 8 886-2800
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 5,630,225,457
Amount of Debt Outstanding (March 31, 2021) 337,150,100,000
11. Indicate the item numbers reported herein
Item 9: Other Matters

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 Equity Ventures, Inc.AEV

PSE Disclosure Form 4-31 - Press Release References: SRC Rule 17 (SEC Form 17-C)
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Aboitiz to redeem Php8.467-B Fixed Rate Bond a year early

Background/Description of the Disclosure

Listed firm Aboitiz Equity Ventures Inc. (“AEV”) has announced it will fully redeem the whole of the outstanding Series B of its fixed-rate retail bonds issued in 2015 (the “2015 Series B Bonds”), a year ahead of its 2022 maturity schedule.

Exercising its early redemption option, AEV will prepay the 2015 Series B Bonds in the amount of Php8.467 billion at an early redemption price of 100.5% of its face value, on August 6, 2021.

“The prepayment of the bonds is part of our continuing efforts to reduce costs and further improve profitability for all of our stakeholders," said AEV Chief Financial Officer Manuel Lozano. The 2015 Series B Bonds were listed in the Philippine Dealing Exchange on August 6, 2015 for secondary market trading.

The 2015 Series B Bonds was part of the first tranche of AEV’s Php25 billion debt securities program, issued in three series: Series A, with a fixed interest rate of 4.4722% per annum, which matured in 2020; the Series B seven-year bonds, with a fixed interest rate of 5.0056% per annum, which will mature in 2022; and the Series C twelve-year bonds, with a fixed interest rate of 6.0169% per annum, which will mature in 2027.

The 2015 listing was described as “crucial for AEV’s continued overall growth, including planned acquisitions and further investments.” Majority of the proceeds was used to finance its cement venture with the acquisition of Lafarge assets in the Philippines, through a joint venture with CRH Plc.

AEV is coordinating with both BPI Asset Management and Trust Corporation and the Philippine Depository and Trust Corp. (PDTC), the registrar and paying agent of the 2015 Series B Bonds, for the corresponding notices and computation of the amounts due to the bondholders of the 2015 Series B Bonds.

Refinancing maturing debt and prepaying existing higher-cost debt will be an ongoing theme for AEV this year.

Other Relevant Information

Please see attached Press Release

Filed on behalf by:
Name Sammy Dave Santos
Designation Associate General Counsel