worth of fixed-rate bonds that will partly finance the acquisition of Coca-Cola Beverages Philippines Inc.
The bonds will have a base offer of P11 billion and an oversubscription option for another P6.45 billion. The offer period commenced on Sept. 7, 2023 and will end on Sept 13, 2023. The company appointed BDO Capital & Investment Corp., First Metro Investment Corp., BPI Capital Corp., China Bank Capital Corp., First Metro Investment Corp., SB Capital Investment Corp. and Union Bank of the Philippines as the joint bookrunners and joint lead underwriters for the offering.AEV reported in August it teamed up with Coca-Cola Europacific Partners Plc. to acquire CCBPI for $1.8 billion. The acquisition is part of the AEV’s diversification strategy.