The conglomerate said it recognized non-recurring gains of P5.3 billion due to foreign exchange gains from the revaluation of US dollar cash and liquid financial instruments in the nine-month period. READ:
The conglomerate said it recognized non-recurring gains of P5.3 billion due to foreign exchange gains from the revaluation of US dollar cash and liquid financial instruments in the nine-month period.
The bonds will be composed of a base issue size of P8 billion, with an oversubscription option for another P12 billion.AEV said the P7.45-billion retail bonds would come from the balance of the company’s P30-billion shelf-registration program approved by the Securities and Exchange Commission in 2019 and P12.55 billion from the P30-billion new shelf-registration program being processed by the SEC.
The bonds are expected to be offered in the fourth quarter, subject to market conditions. AEV intends to list the bonds with the Philippine Dealing and Exchange Corp.
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