Aboitiz Power Corp. plans to issue nearly PHP 10 billion worth of fixed-rate retail bonds in the second quarter. It secured board approval to issue up to PHP 9.55 billion fixed-rate retail bonds, representing the fourth tranche of the PHP 30-billion bonds registered in 2017 under the shelf registration program with the Securities and Exchange Commission (SEC). The company's board also delegated to management to determine the final issue amount, interest rate, offer price, tenors, and other terms and conditions of the bonds. Proceeds will be used to finance planned acquisitions, future investments, and/or other corporate requirements.