Aboitiz Equity Ventures Inc. (AEV), the public holding company of the Aboitiz Group, on Tuesday said it will exercise its early redemption option for its outstanding 3.5-year fixed-rate retail bonds amounting to ₱9.1 billion.
Originally issued on 7 December 2022, and set to mature on 7 June 2026, the 2022 Series A Bonds will now be redeemed on 29 June 2025, at 100.25 percent of face value, subject to applicable taxes.
“This early redemption is part of AEV’s disciplined financial strategy, allowing the company to optimize capital structure and manage its liabilities efficiently,” the company stated.
AEV is coordinating the redemption process with BDO Unibank, Inc.’s Trust and Investments Group and the Philippine Depository and Trust Corp. (PDTC), serving as trustee and paying agent, respectively.
Beyond financial management, AEV continues to integrate sustainability into its operations. The company recently joined the Global Compact Network Philippines and United Nations Global Compact dialogue on Sustainable Development Goals (SDGs).
“Our journey continues to be guided by purpose, accountability, and the ambition to create long-term value,” said Ginggay Hontiveros-Malvar, AEV chief reputation and sustainability officer and board member of the GCNP. “We are proud to stand alongside partners who believe in the power of business to drive sustainable change.”
