DOCSLIB.ORG

Fourth Tranche Bonds

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Fourth Tranche Bonds Aboitiz Power Corporation P30,000,000,000.00 Debt Securities Program Fourth Tranche: Up to ₱6,000,000,000.00 with an Oversubscription Option of up to ₱3,550,000,000.00 Series E: 3.125% p.a. Fixed Rate Bonds Due 2022 Series F: 3.935% p.a. Fixed Rate Bonds Due 2025 Offer Price: 100% of Face Value Intended to be listed and traded on the Philippine Dealing & Exchange Corp. Joint Issue Managers and Joint Lead Underwriters for the Fourth Tranche: Selling Agents BPI Capital Corporation SB Capital Investment Corporation UnionBank of the Philippines The date of this Final Prospectus is 17 June 2020 THE SECURITIES AND EXCHANGE COMMISSION HAS NOT APPROVED THESE SECURITIES OR DETERMINED IF THIS PROSPECTUS IS ACCURATE OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE AND SHOULD BE REPORTED IMMEDIATELY TO THE SECURITIES AND EXCHANGE COMMISSION. (A corporation duly organized and existing under Philippine laws) ABOITIZ POWER CORPORATION 32nd STREET, BONIFACIO GLOBAL CITY 1634 TAGUIG CITY, METRO MANILA, PHILIPPINES TELEPHONE NUMBER: (632) 8886-2800 This Final Prospectus (the “Prospectus”) relates to the takedown of the fourth tranche of the Philippine Peso-denominated fixed-rate bonds (the “Fourth Tranche Bonds”) and the public offer for sale, distribution, and issuance by Aboitiz Power Corporation (“AboitizPower”, the “Issuer”, or the “Company”) of the Fourth Tranche Bonds (the “Offer”) under the Company’s P30,000,000,000.00 Debt Securities Program (the “Debt Securities Program”). The Debt Securities Program was authorized by a resolution of the Board of Directors of the Company dated 23 March 2017. A registration statement was filed by the Company covering bonds with an aggregate principal amount of P30,000,000,000.00 applied for shelf registration (the “Bonds”) and was rendered effective by the Securities and Exchange Commission (“SEC”) by its order dated 19 June 2017 (the “Shelf Registration”). The Shelf Registration’s expiry was extended by the SEC to 30 September 2020 in a letter dated 28 May 2020 granting the Issuer’s request for exemptive relief. A permit to offer the first tranche of the Bonds with an aggregate principal amount of P3,000,000,000.00 (the “Series A Bonds”) was issued on 19 June 2017 by the SEC (the “Initial Offer”). The Series A Bonds issued on 03 July 2017 and the Initial Offer were covered by a Prospectus and Offer Supplement dated 16 June 2017. The Series A Bonds have an interest rate of 5.3367%, maturing in 2027. A permit to sell the second tranche of the Bonds with an aggregate principal amount of P10,200,000,000.00 (the “Series B and C Bonds”) was issued on 11 October 2018 by the SEC. The Series B Bonds has an interest rate of 7.5095% per annum, maturing in 2024, while Series C Bonds has an interest rate of 8.5091% per annum, maturing in 2028. The Series B and Series C Bonds issued on 25 October 2018 were covered by a Prospectus dated 28 August 2018. A permit to sell the third tranche of the Bonds with an aggregate principal amount of P7,000,000,000.00 and an oversubscription option of up to P5,000,000,000.00, of which P250,000,000.00 (the “Series D Bonds”) was exercised, was issued by the SEC. The Series “D” Bonds, maturing in 2026, was issued on 14 October 2019 with an interest rate of 5.2757% per annum. The Offer will consist of the primary offer of an aggregate principal amount of up to P6,000,000,000.00 with an oversubscription option of up to P3,550,000,000.00 (the “Oversubscription Option”). In case the Oversubscription Option is partly exercised or not exercised at all during the Offer Period (as defined below), the Fourth Tranche Bonds under Oversubscription Option that will not be taken up or exercised during the Offer Period will remain under shelf registration and may be issued in tranches within three years from the date of the effectivity of the registration statement, subject to any extension as may be granted by the SEC (the “Shelf Period”). The Fourth Tranche Bonds will be issued on 06 July 2020 (the “Issue Date”) and will be comprised of up to two (2) series, at the discretion of AboitizPower. Series E Bonds shall have a term ending two (2) years from the Issue Date, or on 06 July 2022, with a fixed interest rate of 3.125% per annum (the “Series E Bonds”). Series F Bonds, if any, shall have a term ending five (5) years from the Issue Date, or on 06 July 2025, with a fixed interest rate of 3.935% per annum (the “Series F Bonds”). Series F Bonds shall have optional redemption dates on the third (3rd) year from the Issue Date and on the fourth (4th) year from the Issue Date and if such date is not a Banking Day, on the immediate succeeding Banking Day.1 Interest on the Fourth Tranche Bonds shall be payable quarterly in arrears on 06 January, 06 April, 06 July, and 06 October of each year while the relevant series of the Fourth Tranche Bonds are outstanding, or the 1 At the discretion of the Issuer, the Series E Bonds and/or Series F Bonds may each have a term ending two (2) and/or five (5) from the Issue Date. 2 subsequent Banking Day without adjustment if such Interest Payment Date is not a Banking Day. The last Interest Payment Date shall fall on the relevant Maturity Date while the relevant series of the Fourth Tranche Bonds are outstanding (see “Description of the Offer” – “Interest” on page 51 of this Prospectus). The Fourth Tranche Bonds shall be redeemed at par (or 100% of the face value) on the Maturity Date, unless the Company exercises its early redemption option (see “Description of the Offer” – “Redemption and Purchase” on page 52 of this Prospectus). Upon issuance, the Fourth Tranche Bonds shall constitute direct, unconditional, unsecured and unsubordinated Philippine Peso denominated obligations of the Issuer and shall rank pari passu and ratably without any preference or priority amongst themselves and at least pari passu in priority of payment with all other present and future unsecured and unsubordinated obligations of the Issuer, other than (i) obligations preferred by the law, (ii) any obligation incurred by the Issuer pursuant to Section 5.2 (a) of the Trust Agreement or as may be allowed by the Trust Agreement, and (iii) other Indebtedness (as defined herein) or obligations disclosed by the Issuer to the Trustee as of Issue Date. The Fourth Tranche Bonds shall effectively be subordinated in right of payment to, among others, all of AboitizPower’s secured debts to the extent of the value of the assets securing such debt and all of its debt that is evidenced by a public instrument under Article 2244(14) of the Civil Code of the Philippines, unless the Issuer procures a waiver of the preference created by such notarization or equally and ratably extend such preference to the Fourth Tranche Bonds. (see “Description of the Offer” – “Ranking” on page 51 of this Prospectus). The Fourth Tranche Bonds have been rated PRS Aaa, with a Stable outlook by PhilRatings on 08 April 2020. Obligations rated PRS Aaa are of the highest quality with minimal credit risk. The obligor’s capacity to meet its financial commitment on the obligation is is extremely strong. PRS Aaa is the highest rating assigned by PhilRatings. A rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time by the assigning rating organization. The Fourth Tranche Bonds are offered to the public at face value through the Joint Issue Managers and Joint Lead Underwriters named in this Prospectus with the Philippine Depository & Trust Corp. (PDTC) as the Registrar of the Fourth Tranche Bonds. The Fourth Tranche Bonds shall be issued in scripless form in minimum denominations of P50,000.00 each, and in integral multiples of P10,000.00 thereafter. The Fourth Tranche Bonds shall be traded in denominations of P10,000.00 in the secondary market. AboitizPower intends to cause the listing of the Fourth Tranche Bonds on a securities exchange licensed with the SEC and has initiated discussions with the Philippine Dealing & Exchange Corporation (PDEx) for this purpose. However, there can be no assurance that such a listing will actually be achieved either before or after the Issue Date or whether such a listing will materially affect the liquidity of the Fourth Tranche Bonds on the secondary market. Such listing would be subject to the Company’s execution of a listing agreement with PDEx that may require the Company to make certain disclosures, undertakings and payments on an ongoing basis. AboitizPower expects to raise gross proceeds of up to P6,000,000,000.00 from the primary offer, and up to P9,550,000,000.00 if the Oversubscription Option is fully exercised. The net proceeds from the Offer is estimated to be P5,923,969,437.50 from the primary offer of P6,000,000,000.00 or P9,434,511,187.50 for an issue size of P9,550,000,000.00, after fees, commissions, and expenses. Proceeds of the Offer shall be used for AboitizPower’s equity contributions to GNPower Dinginin Ltd. Co. in relation to the construction of its 2x668 MW supercritical coal-fired power plant located in Mariveles, Bataan; and for general corporate purposes, which are discussed further in the section entitled “Use of Proceeds” on page 39 of this Prospectus.
Load more

Recommended publications
  • Cover Sheet Cs 2 0 0 3 2 1 2 4 0 Sec
    COVER SHEET C S 2 0 0 3 2 1 2 4 0 SEC REGISTRATION NUMBER C E B U L A N D M A S T E R S , I N C . (Company Name) 1 0 T H F L O O R , P A R K C E N T R A L E , B 2 L 3 , J O S E M A . D E L M A R S T . , C E B U I T P A R K , A P A S , C E B U C I T Y (Business Address: No. Street/City/Province) Clarissa Mae A. Cabalda 032-231-4870 Contact Person Company Telephone Number 1 2 3 1 17-A 0 5 3 0 Month Day Form Type Month Day Annual Meeting Secondary License Type, If Applicable Dept. Requiring this Doc Amended Articles Number/Section Total Amount of Borrowings Total No. of Stockholders Domestic Foreign To be accomplished by SEC Personnel concerned File Number LCU Document I.D. Cashier SEC Number: CS200321240 File Number: ________ CEBU LANDMASTERS, INC. ___________________________________ (Company’s Full Name) 10TH FLOOR, PARK CENTRALE, B2 L3, JOSE MA. DEL MAR ST., CEBU IT PARK, APAS, CEBU CITY ___________________________________ (Company Address) (032) 231-4914 ___________________________________ (Telephone Number) December 31, 2020 ___________________________________ (Fiscal Year Ended) SEC Form 17-A Annual Report ___________________________________ (Form Type) - ___________________________________ (Amendments) 2 SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-A ANNUAL REPORT PURSUANT TO SECTION 17 OF THE SECURITIES REGULATION CODE AND SECTION 141 OF THE CORPORATION CODE OF THE PHILIPPINES 1. For the fiscal year ended December 31, 2020 2.
    [Show full text]
  • Columna Energy Training Services
    COLUMNA ENERGY CONSULTING Nuclear, Oil, Gas, Coal, Water, Renewables, Energy Efficiency, LEED Block 17, Lot 3, Pulangi St., Riverview Place, Brgy. De Las Alas, GMA, Cavite 4117 Philippines. Mobile : (+632) 0926-809-3337. E-mail: [email protected] COLUMNA ENERGY is a leading Philippine Provider of Energy Consulting, Learning/Training, Proactive Solutions, and Performance Management Tools for the Local and Global Companies, Government, Educational Institutions, Small-to-Medium-Scale Businesses, and Heavy Industries. CONTINUING UPDATE AND TRAINING MINDS REFRESHER EDUCATION (CURE) TO THINK We offer our concept of the CONTINUING UPDATE AND REFRESHER EDUCATION (CURE) for commerce and industries. The objective of our CURE is to produce a fine-tuned workforce prepared to face the triple crises of ENERGY, CLIMATE CHANGE, AND ECONOMICS. We are guided with our motto: "ENGINEERING WITH VISION." Thus, we teach engineering subjects not just for the sake of teaching engineering, nor we do engineering just for the sake of doing engineering. We always add to engineering that often neglected, but all-important element of VISION -- for the long-term benefits of Science and Technology to Mankind. Thus, our approach to education is not just for the learning of facts and skills, but the TRAINING OF MINDS TO THINK. COLUMNA EDUCATION & TRAINING Page 1 of 8 PARTIAL LIST OF RESEARCH-BASED TRAINING-SEMINARS ENERGY-EFFICIENCY IMPROVEMENTS BEST PRACTICES & TECHNOLOGIES DESIGN, OPERATIONS, AND MAINTENANCE MANAGEMENT TRAINING The following is a list of our research-based Technology Management Training-Seminars designed and conducted by COLUMNA ENERGY in the perspective of ENERGY EFFICIENCY to help mitigate the triple crises of ENERGY, CLIMATE CHANGE, AND ECONOMICS.
    [Show full text]
  • PH Slips in WB's Ease of Doing Business Ranking
    72 BUSINESS PH slips in WB’s ease of doing business ranking The World Bank-International Finance Corporation’s (WB-IFC) “Doing Business 2018: Reforming to Create Jobs” ranked the Philippines 113th out of 190 countries from 99th in “Doing Business 2017: Equal Opportunity for All.” Its distance to frontier (DTF) score – measures the performance the countries covered by the report on each of the indicator – increased marginally to 58.74 from last year’s 58.32, on a 0-100 scale indicating the lowest performance to the frontier (best performance). ccording to the WB, the DTF score “aids in assessing the absolute level of regulatory performance and how it Aimproves over time.” On the other hand, the ranking on the ease of doing business complements the DTF score by providing information about a country’s performance in business regulations relative to the performance of other countries, the report explained. The doing business ranking was measured based on 10 indicators (see figure on 2018 Doing Business: Indicators). These indicators “focuses on key areas of interaction between the government and entrepreneurs, where policy makers and regulators can directly influence procedures to facilitate these interactions.” Based on the 2018 Doing Business report, New Zealand got the highest rank out of the 190 countries. This was followed by Singapore (2nd), Denmark (3rd), South Korea (4th), and Hong Kong (5th). The U.S. (6th), United Kingdom (7th), Norway (8th), Georgia (9th), and Sweden (10th) completed the list (see table on 2018 Doing Business Report: Top 10 Countries). The WB underscored that the country “is making steady Among 25 East Asia and Pacific countries included in progress in carrying out reforms that can make it easier for the report, the Philippines is outranked by 15 countries (see entrepreneurs to start and operate a business.” The WB table on 2018 Doing Business Report: East Asia and Pacific also saw the latest business reforms as a good point for Countries).
    [Show full text]
  • Role of Mindanao in National Development
    ROLE OF MINDANAO IN Business Webinar NATIONAL on Metro Davao DEVELOPMENT and Metro Cagayan de Oro Undersecretary メトロダバオ及びメトロカガヤンに Mercedita A. Sombilla 関するビジネスウェビナー January 22, 2021 National Economic and Development Authority (NEDA) Regional Development Group (RDG) National Economic and Development Authority Role of Mindanao in National Development Business Webinar 2021 22 January 2021 MERCEDITA A. SOMBILLA Undersecretary, NEDA Regional Development Group National Economic and Development Authority National Economic and Development Authority Outline of Presentation I. National and regional economic performance - pandemic’s impact to the economy I. Economic Outlook for 2021 II. Development thrusts and strategies: • Philippine Development Plan • Regional Development Plans • Rehabilitation and Recovery Program National Economic and Development Authority National Economic and Development Authority Economic Performance GRDP Average Annual Growth Rate (AAGR) 2017 – 2019, at constant 2018 prices 8.0 7.1 7.1 6.8 7.0 6.5 6.5 6.4 6.4 6.3 6.2 6.2 5.8 6.0 5.6 5.6 5.5 5.0 5.2 5.1 PH AAGR OF 5.0 4.0 3.0 6.2% 2.0 2017-2019 1.0 0.0 AAGR 2017-2019 AAGR 2017-2019 Philippines National Economic and Development Authority Source: Philippine Statistics Authority National Economic and Development Authority Economic Performance Mindanao’s economy is largely driven by Industry and Services Mindanao regions’ average growth rates per sector, 2017-2019 (at constant 2018 prices) BARMM 7.6 8.3 Caraga 1.2 9.6 7.9 SOCCSKSARGEN 4.9 SER Davao Region 8.2 9.8 IND AFF Northern
    [Show full text]
  • MARITIME DIRECTORY - DOMESTIC SECTOR List of Members Per Association
    MARITIME DIRECTORY - DOMESTIC SECTOR List of Members per Association Association Member Name Member Address Tel No. Fax No. Website (URL) email address Name Representative Position PHILPESTA Cargomarine Corporation Cargomarine Building,62 A. 897-1032 890-5958 [email protected] Oscar B. Saavedra President and CEO Bonifacio Street, Makati City PHILPESTA Golden Albatross Shipping Corp. Rm. 508 S&L Building, 400-7844 to 45 522-2054 [email protected] Andronico E. Santos General Manager Roxas Boulevard Manila loc. 108 PHILPESTA Herma Shipping & Transport Corp. 94 Scout Rallos St., Herma 922-3421 loc. 920-8359 [email protected] Primo R. Agbayani President Bldg.,Kamuning, Q.C. 217 PHILPESTA Magsaysay Tankers Group 21/F Times Plaza Bldg., 527-8297 527-1178 jhmaxwell@magsaysay- Jesse H. Maxwell Chief Operating Officer U.N. Ave. cor. Taft Ave., logistics.com Ermita, Manila PHILPESTA MIS Maritime Corp. Suite 215-217, Cityland 3 812-6132; 817- 817-2252 [email protected] Capt. Lionel Port Captain & DPA Legaspi Village, Makati City 2243 Francisco PHILPESTA Petrolift, Inc. 6/F Mapfre Asian Corporate 772-8007/8 772-8004 [email protected] Carlo Leonio President Center, Acacia Avenue, Madrigal Business Park, Ayala Alabang PHILPESTA Transbulk Carriers Corp. 103 Unit 6 Scout Cast+or, 411-3239/372- 372-4121 [email protected] Gerardo Santos President Brgy. Laging Handa, 4123 Kamuning, Q.C. PHILPESTA Via Marine Corp. 227 Navotas Bay 282-6463 282-6459 [email protected] Vic Ignacio President Blvd.,Navotas, M.M. PISA 2Go Group, Inc. 15/F Times Plaza Bldg., 353-1369 554-8720 [email protected] Sulficio "Jun" O.
    [Show full text]
  • The Daily Dispatch
    The Daily Dispatch June 05, 2017 Feb. 2, 2017 Philippine Stock Market Update TODAY’S TOP NEWS DOF expects P130 B from House’s tax reform The DOF has raised its expected revenues from the House- approved tax reform Package One after lawmakers favorably modified some provisions of the VAT exemptions. Finance Secretary Dominguez said they are “happy” with the version approved by the House last week as the measure could potentially generate around P130B in revenues Previous Close: 1 Yr Return: SMC interested in MRT-3 rehab 7,907.66 8.32% SMC president and chief operating officer Ramon Ang said the conglomerate has expressed its interest to rehabilitate the Open: YTD Return: train system which currently covers North Ave. station in 7,954.62 16.97% Quezon City until Taft station in Pasay City. “If government 52-Week Range: Source: will allow us, we can submit unsolicited proposal,” he told 6,499.00 - 8,118.44 Bloomberg reporters. Foreign Exchange Phl needs more time to get credit upgrade - CS As of June 2, 2017 Credit Suisse said the Phil. has to wait to get another US Dollar Philippine Peso upgrade from S&P and Moody’s even with the passage of the government’s tax reform program. Michael Wan, 1 49.511 economist at Credit Suisse, said the country lags behind other countries with ratings of two notches above PDST-R2 Rates investment grade such as the per-capita GDP and revenue to As of June 2, 2017 GDP. Phl infra projects in Russia to get $1B funding Tenor Rate VTB Bank, one of the leading universal banks in Russia and 1Y 2.8402 majority owned by its government, has committed to pour in 3Y 3.8872 $1 billion to finance key infrastructure and other projects of 5Y 4.1400 Philippine companies to be developed in Russia and in former Soviet Republics.
    [Show full text]
  • Metro Manila Market Update Q3 2018
    RESEARCH METRO MANILA MARKET UPDATE Q3 2018 METRO MANILA REAL ESTATE SECTOR REVIEW PHILIPPINE COMPETITIVENESS AND GNI PER CAPITA ON A CONSTANT RISE COVER | Local firms benefitting from the country’s economic growth and planned infrastructure programs Figure 1 Philippine GDP Growth Rate Forecasts for 2018 SNAPSHOTS 6.8 6.7 6.7 6.7 6.5 6.3 6.4 6.5 Economic Indicators 5.1 6.1% GDP Q3 2018 Fitch Solutions Asian Development International World Bank Bank Monetary Fund Original Forecast Revised Forecast Developing Asia 6.7% Inflation Rate Rising to the 5th spot among Global economists predict that the September 2018 ASEAN (Association of Southeast Philippines will be able to attain a Asian Nations) countries, the GDP growth rate that is above 6% Philippines once again proved itself in 2019. Economists of both the as a rising economic powerhouse First Metro Investment Corporation on the world stage. The World (FMIC) and the University of Asia Economic Forum recently published and the Pacific (UA&P) remain 2.5% the World Competitiveness Report optimistic of an economic rebound OFW Remittances 2018 using a new metric called the in the second half of 2018, due to August 2018 New Global Competitiveness Index the rising national government 4.0. Additional categories were disbursements and capital outlay created and used in ranking the for infrastructure projects, higher 140 economies. New drivers of peso equivalent of remittances, and productivity and long-term growth increasing volume of exports. during the era of the Fourth 6.15% Industrial Revolution were added. In Several local companies wish to Avg.
    [Show full text]
  • Philippine Country Survey Report on Mainstreaming Environment in Development
    Philippine Country Survey Report On Mainstreaming Environment in Development Acronyms ADMP Ancestral Domain Management Plan BLDF Bohol Local Development Foundation BMT Bohol Marine Triangle CBMS Community-Based Monitoring System CBRM Community-Based Resource Management CCAD Center for Culture and Arts Development CDM Clean Development Mechanism CSO Civil Society Organizations DENR Department of Environment and Natural Resources Dep. Ed. Department of Education ECAN Environmentally-Critical Area Network ECC Environmental Compliance Certificate EIA Environmental Impact Assessment EMES Environmental Monitoring and Evaluation System ESD Environment and Sustainable Development FGD Focused Group Discussions FPIC Free and Prior Informed Consent GHG Greenhouse Gases GIS Geographic Information System ICLEI International Council for Local Environmental Initiatives ICRAF International Center for Research in Agro Forestry IEC Information, Education, and Communication IIED International Institute for Environment and Development IP Indigenous Peoples IPRA Law Indigenous Peoples Rights Act (R.A. 8371) ISO 14000 ISO-MS for Environmental Management ISO 9000 ISO-MS for Quality Management ISO MS International Organization for Standardization – Management Standards LGPDMS Local Government Poverty Database Monitoring System LGPMS Local Government Monitoring System LGU Local Government Units LLDA Laguna Lake Development Authority M&E Monitoring and Evaluation NEDA National Economic and Development Authority NGO Non-Government Organization NIPAS National Integrated
    [Show full text]
  • PHOENIX PETROLEUM PHILIPPINES INC. 2015 ANNUAL REPORT U TABLE of CONTENTS
    PHOENIX PETROLEUM PHILIPPINES INC. 2015 ANNUAL REPORT u TABLE OF CONTENTS 2 About Phoenix 4 Financial Highlights 5 Industry Highlights 6 Message to Shareholders 12 Q&A with the Chief Operating Officer 14 Operational Highlights 20 Subsidiaries 24 Corporate Social Responsibility 28 Board of Directors 32 Management Team 36 Corporate Governance 39 Statement of Management’s Responsibility for Financial Statements Road trip. Laugh trip. Sound trip. Day trip. Business trip. 40 Report of Independent Auditors We’ve been riding together in this journey for the past 10 years. 41 Consolidated Financial Statements 46 Management’s Discussion and Analysis of Financial Conditions From Mindanao to Manila, be it through rocky roads or steep heights or 50 Our Products unending plains, we have come a long way. 52 Contact Us And there are many more journeys waiting for us in the years to come. It’s an amazing feeling to know that we are one in this trip. u ABOUT PHOENIX E V A L R U O E S C INTEGRITY We adhere to the highest standards of ethics and conduct. Our reputation defines who we are. PHOENIX PETROLEUM PHILIPPINES, INC. Phoenix Petroleum Philippines, Inc. (PNX:PM) is the leading independent EXCELLENCE and fastest-growing oil company in the Philippines. Since its first station We aim to be the best in everything we do. in 2005 in the southern region of Davao, the Company has expanded u VISION nationwide to build a wide network of retail stations and commercial To be an indispensable partner in the and industrial clients. journey of everyone whose life we touch Phoenix Petroleum is engaged in the business of retail and commercial u MISSION SERVICE sales and the trading of refined petroleum products and lubricants, We value all our stakeholders, • We deliver the best value in products and provide unrivalled operation of oil depots, storage and transport services and integrated and services to our business partners customer experience.
    [Show full text]
  • Preliminary Prospectus
    vitation vitation shall be made or Aboitiz Power Corporation P30,000,000,000 Debt Securities Program to theto Tranche Third Bonds. Third Tranche: Up to P10,000,000,000 with an Oversubscription Option of up to P2,000,000,000 Series D: [•]% p.a. Fixed Rate Bonds Due 2026 Offer Price: 100% of Face Value Joint Issue Managers for the Third Tranche: Joint Lead Underwriters for the Third Tranche: The date of this Prospectus is August 23, 2019. THE SECURITIES AND EXCHANGE COMMISSION HAS NOT APPROVED THESE SECURITIES OR DETERMINED IF THIS PROSPECTUS IS ACCURATE OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE AND SHOULD BE REPORTED IMMEDIATELY TO THE SECURITIES AND EXCHANGE COMMISSION. The information in this Preliminary Prospectus is subject to completion received, and no agreement be shall made, on the basis of this document,purchase to subscribeor and amendment in the final prospectus. No offer or in 1 Preliminary Prospectus (A corporation duly organized and existing under Philippine laws) ABOITIZ POWER CORPORATION 32nd STREET, BONIFACIO GLOBAL CITY 1634 TAGUIG CITY, METRO MANILA, PHILIPPINES TELEPHONE NUMBER: (632) 886-2800 This Preliminary Prospectus relates to the takedown of the third tranche of the Philippine peso-denominated fixed-rate bonds (the “Third Tranche Bonds”) and the public offer for sale, distribution, and issuance by Aboitiz Power Corporation (“AboitizPower”, the “Issuer”, or the “Company”) of the Third Tranche Bonds (the “Offer”) under the Company’s P30,000,000,000 Debt Securities Program (the “Debt Securities Program”). The Debt Securities Program was authorized by a resolution of the Board of Directors of the Company dated 23 March 2017.
    [Show full text]
  • Latest Developments in Steelmaking Capacity 2020
    LATEST DEVELOPMENTS IN STEELMAKING CAPACITY 2020 2 | LATEST DEVELOPMENTS IN STEELMAKING CAPACITY This report was approved and declassified by written procedure by the OECD Steel Committee on 22 May 2020 and prepared for publication by the OECD Secretariat. The report and the underlying data on steelmaking capacity for all steel producing economies will be made available on the Steel Committee website: oe.cd/steelcapacity Note to Delegations: This document is also available on O.N.E under the reference code: DSTI/SC(2020)3/FINAL This document, as well as any data and any map included herein, are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. © OECD 2020 You can copy, download or print OECD content for your own use, and you can include excerpts from OECD publications, databases and multimedia products in your own documents, presentations, blogs, websites and teaching materials, provided that suitable acknowledgment of OECD as source and copyright owner is given. All requests for commercial use and translation rights should be submitted to [email protected] LATEST DEVELOPMENTS IN STEELMAKING CAPACITY | 3 Latest developments in steelmaking capacity Tomohiro HIJIKATA OECD Paris ABSTRACT The Secretariat of the OECD Steel Committee provides monitoring reports on crude steelmaking capacity developments on a regular basis, using a wide range of publicly available and commercial data sources. This paper presents an updated overview of regional capacity trends, including an assessment of gross capacity additions in the period until 2022, as well as information on cross-border capacity investments.
    [Show full text]
  • Sec Form 20-Is (Information Statement)
    Scanned with CamScanner COVER SHEET C 1 9 9 8 0 0 1 3 4 S.E.C. Registration Number A B O I T I Z P O W E R C O R P O R A T I O N ( Company's Full Name ) 3 2 N D S T R E E T , B O N I F A C I O G L O B A L C I T Y , T A G U I G C I T Y , M E T R O M A N I L A P H I L I P P I N E S (Business Address: No. Street City / Town / Province ) MANUEL ALBERTO R. COLAYCO 02- 886-2338 Contact Person Company Telephone Number Contact Person 4th Monday of April 1 2 3 1 2 0 - I S 0 4 2 2 Month Day FORM TYPE Month Day Fiscal Year Annual Meeting N/A Secondary License Type, if Applicable SEC N/A Dept. Requiring this Doc Amended Articles Number/Section x Total No. of Stockholders Domestic Foreign - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - To be accomplished by SEC Personnel concerned File Number LCU Document I.D. Cashier S T A M P S Remarks = Pls. use black ink for scanning purposes SEC FORM 20-IS (INFORMATION STATEMENT) TABLE OF CONTENTS INFORMATION REQUIRED IN INFORMATION STATEMENT ............................ 5 A. GENERAL INFORMATION ...................................................................................................... 5 Item 1. Date, time and place of the 2019 Annual Stockholders’ Meeting .............................................. 5 Item 2. Dissenter’s Right of Appraisal ..................................................................................................... 5 Item 3. Interest of Certain Persons in or Opposition to Matters to be Acted Upon..............................
    [Show full text]