CEBU CITY—The Aboitiz Equity Ventures Inc. aims to raise $400 million through the issuance of its fixed rate, US dollar-denominated unsecured notes.
The notes are unrated, payable semi-annually, and are unconditionally and irrevocably guaranteed by AEV, the company said.“This bond issuance reflects our optimism in the strength of our fundamentals and the “We look forward to availing of the international market to fund further growth and enable us to advance business and communities,” Aboitiz added.
The Hongkong and Shanghai Banking Corporation Limited and Standard Chartered Bank will act as joint global coordinators.