Aboitiz Power Corporation’s MakBan Geothermal Power Plant in Bay and Calauan, Laguna and Sto. Tomas, Batangas in this undated photo. The publicly-listed firm on Thursday (Sept. 18, 2025) said it will fully redeem P2.5 billion worth of 10-year fixed-rate retail bonds ahead of its maturity in 2018. (Photo grabbed from AboitizPower website)
Aboitiz Power Corporation announced it will fully prepay this month its P2.5-billion 10-year fixed-rate retail bonds issued in 2018, following the company’s successful capital-raising efforts.
The bonds, carrying an annual interest rate of 8.5091 percent, form part of AboitizPower’s PHP30-billion Shelf Registration Debt Program. The early redemption was approved by the company’s Board of Directors during its meeting on Wednesday.
In a disclosure to the Philippine Stock Exchange (PSE) Thursday, AboitizPower said it is working with BDO Unibank Inc.–Trust and Investments Group, as Trustee, and the Philippine Depository and Trust Corporation, as Registrar and Paying Agent, to issue the necessary notices and compute the amounts payable to bondholders of the 2018 Series C Bonds.
AboitizPower noted that the move supports its ongoing efforts to streamline its capital structure while advancing its growth plans. The company currently has several power projects nationwide, including six renewable energy developments and a coal plant expansion slated for completion by next year.