<article>Philippine holdings company <a style="color: #000080" href="http://aboitiz.com">Aboitiz Equity Ventures Inc (AEV)</a> earlier disclosed that it had completed its $550 million (P25 billion) fixed-rate-retail bonds offer that its board of directors approved four months ago.</article>

Philippine holdings company <a style="color: #000080" href="http://aboitiz.com">Aboitiz Equity Ventures Inc (AEV)</a> earlier disclosed that it had completed its $550 million (P25 billion) fixed-rate-retail bonds offer that its board of directors approved four months ago.
&#8220;The Bonds were well received by both institutional and retail investors during the offer period resulting in an order book that was 2.7x oversubscribed,&#8221; AEV said in its statement, noting the bonds will be listed on the Philippine Dealing &amp; Exchange Corporation.
The offer period began last Tuesday, July 28 and ended at 12 noon today. 
Among the holding firm&#8217;s plans for the bonds&#8217; proceeds is to finance acquisitions, future investments, and other general corporate requirements.
Offered in two tranches, the first one equivalent to P24 billion was issued in three series with their respected fixed interest rates, such as Series A bonds due on 2020 with 4.4722 per cent, Series B Bonds due on 2022 with 5.0056 per cent, and the Series C bonds due on 2027 with a fixed interest rate of 6.0169 per cent per annum.
As for the remaining balance equivalent to P1 billion, it has long been agreed it will be lodged under a shelf registration and may be issued in future tranches.
AEV&#8217;s last trading price decreased 0.68 per cent or P0.400 to close at P58.50.
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Aboitiz Equity Ventures $550m retail bonds oversubscribed by 2.7x

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Aboitiz Equity Ventures $550m retail bonds oversubscribed by 2.7x

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