Conglomerate Aboitiz Equity Ventures Inc. plans to sell up to P20 billion worth of retail bonds, as it continues to explore investment opportunities in infrastructure and transport sector.
AEV chief finance officer Stephen Paradies said the company planned to issue the bonds with possible tenors of 7 to 12 years by the second half of 2015.
“We have already sounded off to banks our intention to raise retail bonds,” Paradies said.
Paradies said company remained interested in various public-private partnership projects the government might bid out, including the P123-billion Laguna Lakeshore Expressway Dike project and the LRT 2 operation and maintenance project.
AEV is part of a consortium composed of Ayala Land Inc., SM Prime Holdings Inc. and Megaworld Corp. For the LRT 2 project, AEV forged a 60-40 joint venture with Singapore-based SMRT International.
The conglomerate is also studying other PPP projects including the bundled airport projects, particularly the Bacolod-Silay Airport (P20.26 billion) and Iloilo Airport (P30.40 billion) as Bundle 1 and the New Bohol (Panglao) Airport (P2.34 billion), Laguindingan Airport (P14.62 billion) and Davao Airport (P40.57 billion) as Bundle 2.