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)
Sep 17, 2021
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, PhilippinesPostal Code1634
8. Issuer's telephone number, including area code
(02) 8886-2800
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 June 30, 2021)
226,853,429,000.00
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
Issuance of the Second Tranche of AboitizPower's Php30bn shelf-registered bonds in the amount of up to Php12bn.
Background/Description of the Disclosure
During its special board meeting on September 17, 2021, the Board of Directors of Aboitiz Power Corporation (the “Company”) approved the issuance of up to Php12 billion fixed-rate retail bonds (the “Second Tranche Bonds”) out of the Php30 billion bonds registered in March 2021 under the shelf registration program of the Securities Exchange Commission (SEC) (the “Shelf Registered Bonds”). The Company issued the first tranche out of the Shelf Registered Bonds on March 1, 2021 equivalent to PhP8 billion, including oversubscription.
Subject to market conditions, the Second Tranche Bonds is expected to be offered to the general public in the fourth quarter of 2021 and shall be listed with the Philippine Dealing and Exchange Corporation (PDEx) as and when issued.
The Board of Directors delegated to Management the final determination of the issue amount, interest rate, offer price, tenors, and other terms and conditions of the Bonds including the parties that will manage or otherwise be involved in the offer. Proceeds of the Second Tranche Bonds will be used for refinancing, general corporate purposes and/or future renewable projects.