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  Aboitiz Power Corp. signs Notes Facility Agreement with First Metro
September 18, 2009
Aboitiz Power Corporation (AP) signed today a Notes Facility Agreement with First Metro Investment Corporation as Issue Manager, Metropolitan Bank & Trust Company – Trust Banking Group as Notes Facility Agent and a consortium of primary institutional lenders for the issuance of 5-year peso-denominated corporate fixed rate notes in the aggregate amount of P5.0 billion (bn).
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  Aboitiz Power earns P1.9 bn in the 1H of 2009
August 11, 2009
Aboitiz Power Corporation (AP) ended the first semester of 2009 with a core net income of P1.9 billion, recording a 15% year-on-year (YoY) decline. For the period in review, the company had a non-recurring net loss of P268 million (versus last year’s non-recurring net loss of P122 million), which resulted from the revaluation of dollar-denominated loans and placements of the parent company and some of its associate companies and the one-off expenses related to the acquisition of Tiwi-Makban geothermal plants. This brings AP’s total net income to P1.6 billion, which translates to an earnings per share of P0.22.

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  Aboitiz Power acquires two 100-MW power generating barges
August 3, 2009
Aboitiz Power Corporation (AP) won on July 31 a negotiated bid to acquire two barge-mounted, diesel-powered generation plants from the Power Sector Assets and Liabilities Management Corporation (PSALM). The plants each have a generating capacity of 100 megawatts (MW).
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  AP Renewables pays P8.29 B, takes over Tiwi-Makban plants
May 26, 2009
AP Renewables, Inc. (APRI), a wholly owned subsidiary of Aboitiz Power Corporation (AP), paid P8.29 billion to the Power Sector Assets and Liabilities Management Corporation (PSALM) on May 25, as down payment for the Tiwi-Makban geothermal facilities. The amount represents 40% of the purchase price, with the 60% balance payable over a period of seven years in 14 equal semi-annual installments.
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  AP and ATS are strong performers in Corporate Governance Scorecard
May 11, 2009
Aboitiz Power Corporation (AP) and Aboitiz Transport Systems (ATS) were recently recognized for having good standing in the 2008 Institute of Corporate Directors’ (ICD) annual Corporate Governance (CG) Scorecard review.
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  Aboitiz Power Corp.'s Q1 income hits P381M
May 7, 2009
Aboitiz Power Corporation (AP) ended the first quarter of 2009 with a recurring net income of P490 million, a decline of 54% year-on-year (YOY). For the period in review, the company had a non-recurring net loss of P109 million versus last year’s non-recurring net loss of P44 million due to the revaluation of dollar-denominated loans and placements of the parent company and some of its subsidiaries. This brings AP’s total net income to P381 million, translating to an earnings per share of P0.05 for the first quarter of 2009.
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  Aboitiz Power issues P 3-billion bonds
April 30, 2009
Aboitiz Power Corporation (AP) completed its maiden issuance of P3 billion worth of peso-denominated 3 and 5 year fixed rate retail bonds.  The 3-year bonds worth P705,580,000 (maturing on April 30, 2012) and the 5-year bonds worth P2,294,420,000 (maturing on May 1, 2014) have a fixed interest rate equivalent to 8.0% per annum and 8.7% per annum, respectively.
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  Aboitiz Power recurring net income up 38% to P4.7B in 2008
March 10, 2009
Aboitiz Power Corporation (AP) ended 2008 with a recurring net income of P4.7 billion, up by 38% from the previous year’s P3.4 billion. The company had a non-recurring net loss of P331 million due to (1) foreign exchange net losses of P534 million resulting from the revaluation of dollar-denominated loans and placements of the parent company and some of its subsidiaries; (2) the reversal of a P260 million provision made by an associate company due to an arbitration settlement, and (3) a P57-million project cost write off.
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  AEV and AP declare cash dividends
February 17, 2009
Aboitiz Equity Ventures, Inc. (AEV) and Aboitiz Power Corporation (AP) have each declared cash dividends that were approved during the regular Board meetings of both companies held on February 11.
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  Aboitiz Power corporate notes and retail bonds given highest credit rating
February 5, 2009
Aboitiz Power Corporation (AP) has announced that the Philippine Rating Services Corporation (PhilRatings), has assigned the highest possible rating of “PRS Aaa” to AP’s proposed retail bond issue as well as the P3.89- billion corporate notes the company issued in December 2008.
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