AEV to raise P30B from retail bonds

ABOITIZ Equity Ventures Inc. (AEV) is planning to raise P30 billion from the fixed-rate peso-denominated retail bonds it will release this year.

In a disclosure on Wednesday, the listed conglomerate told the Philippine Stock Exchange its board of directors approved the issuance during a meeting that day. It will be issued in one or more tranches and subject to the approval of the Securities and Exchange Commission, it added.