The Securities and Exchange Commission (SEC) said on Wednesday it approved Aboitiz Power Corp.’s (AboitizPower) P30-billion bond offer and Allied Care Experts (ACE) Medical Center-Palawan Inc.’s P1-billion initial public offering (IPO) the day before.

In a statement, the commission said Aboitiz Equity Ventures Inc.’s power unit might issue debt securities in one or more series within three years. The first tranche will cover up to P4 billion of fixed-rate bonds due 2026, with an oversubscription option of up to P4 billion.

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