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AEV lists PHP5 billion fixed-rate bonds due 2024 and 2029 in PDEx organized secondary market

PDEx PR | June 19, 2019

Aboitiz Equity Ventures returned to the Philippine Dealing & Exchange Corp. (PDEx) organized secondary market with PHP5 billion fixed-rate bonds issued in two (2) tenors — Series A 6.0157% 5-Year Bonds Due 2024 and Series B 6.3210% 10-Year Bonds Due 2029.

Proceeds from the first tranche of the bonds will be used as part of the refinancing plan of the medium-term loan of AEV International Pte. Ltd., a wholly-owned subsidiary of AEV, towards expanding the Aboitiz Group’s animal feeds business within the Asia-Pacific region.



PDEx President and COO Antonino Nakpil (Photo from PDEx)
PDEx President and COO Antonino Nakpil (Photo from PDEx)

We are always delighted to see an issuer return for listings as these reaffirm the infrastructure’s role in fostering the relationship between Issuers and their Investors. Today’s listing is the first from a holding company for the year and marks only the fifth from a non-banking entity thus far. The bank bond issuance locomotive is powering a train with many cars. So getting this issuance through and between a slew of bank bond issues speaks well of both the loyalty of AEV’s bondholders as well as the quality of its finance professionals and advisors.

–Antonino Nakpil, President and COO, PDEx



The event was graced by AEV officers led by Chief Financial Officer Manuel Lozano, Group Treasurer Gabriel Mañalac, Deputy Group Treasurer Veronica So. Joining them were representatives from issue participants — BDO Capital & Investment Corporation First Vice President Jose Eduardo Quimpo II, First Metro Investment Corporation President Rabonni Arjonillo, BDO Unibank, Inc. – Trust Investments Group Vice President Michael Munsayac, BDO Unibank, Inc. Executive Vice President Cecilia Tan and Metropolitan Bank & Trust Company Vice President Eriberto Pedro Antonio Roxas.

Across the group, we recognize the important role our food business plays in building nations by providing quality food on the table. With our business model well-positioned at the beginning of the food value chain, we are given the opportunity to nourish populations and contribute towards food security, one of the United Nations’ Global Sustainability Development Goals.

– Dmi Lozano, Chief Financial Officer, AEV





This 14th listing for 2019 brings the year-to-date total of new listings to PHP167.49 billion and the total level of tradable corporate debt instruments to PHP1.17 trillion issued by 49 companies, comprised of 175 securities.