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AEV eyes up to PHP 20 billion from retail bond insurance

17 Mar

BY UNICAPITAL SECURITIES

Aboitiz Equity Ventures (AEV) hopes to raise as much as PHP 20 billion from the issuance of fixed-rate retail bonds within the second half of the year to fund infrastructure investments for the fifth leg of its business.

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AEV chief financial officer Stephen Paradies in an interview said the company plans to borrow about PHP 15-to PHP 20 billion from the bond market by the last six months of the year.

He said proceeds of the offering would be used for its Public-Private Partnership (PPP) endeavors.

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Posted by on March 17, 2015 in AEV, Corporate News, Stock Market

 

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