Lopez Holdings

 

First Gen to issue P3B bond First Generation Holdings Corporation ("First Gen") has filed an application with the SEC for the issuance of a fixed-rate Peso bond. The bond has an indicative issue size of up to P3 bio and a tenor of 5 years. First Gen intends to issue the bond sometime in the second quarter of 2005. Proceeds from the bond will be used for general corporate purposes which may include acquisitions.

First Gen has mandated ING Bank N.V. as sole bookrunner and joint lead manager, and BDO Capital and Investment Corporation as joint lead manager to handle this planned bond issue.

First Gen was incorporate on December 22, 1998 and is the holding company of the Lopez Group for power and energy-related businesses. First Gen, through its subsidiaries and investee companies, controls some 1,725MW of installed capacity and is one of the largest independence power generation companies in the Philippines.

First Gen's subsidiaries include First Gas Power Corporation and FGP Corp. which own the 1,000MW and 500MW natural gas-fired, combined cycle power plants, respectively. Both natural gas-fired power plants are located in Batangas province.

First Gen is 88.44% owned by First Philippine Holdings Corporation. The balance is held by AIDEC (7.75%), a US0 million investment fund focused on Asian private sector infrastructure projects, and Sumitomo (3.81%), one of the largest trading companies in Japan.

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Lopez Holdings Corporation 
16/F North Tower, Rockwell Business Center Sheridan, Sheridan St. corner United St., 1550 Bgy. Highway Hills, Mandaluyong City, Philippines

  • Trunkline: (632) 8878 0000
  • Fax: (632) 8878 0000 ext 2009
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