PH Dealbook: Aboitiz Power boosts borrowings to $436.23m; SM Prime nods sale of $322.4m bonds

Visual from the company website

In separate business developments in the Philippines, a unit of Aboitiz Power Corp has refinanced an old debt to be used for its hydro power projects, while SM Prime Holdings Inc aims to raise up to $322.4 million through the sale corporate bonds.

Aboitiz Power increases credit for hydro projects at $436.23m

A unit of listed energy firm Aboitiz Power, the SN Aboitiz Power-Benguet Inc (SNAP Benguet), has raised its old debt of $375 million to $436.23 million, and shall use the additional funds for its two hydroelectric power plants in Benguet province.

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