C06423-2023

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Aug 16, 2023
2. SEC Identification Number
CEO2536
3. BIR Tax Identification No.
003-828-269-V
4. Exact name of issuer as specified in its charter
ABOITIZ EQUITY VENTURES INC.
5. Province, country or other jurisdiction of incorporation
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
32nd Street, Bonifacio Global City, Taguig City, Metro Manila, Philippines Postal Code 1634
8. Issuer's telephone number, including area code
(02) 8886-2800
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Stock P1 Par Value 5,630,225,457
Amount of Debt Outstanding (As of June 30, 2023) 373,682,368,000
11. Indicate the item numbers reported herein
Item 9: Other Matters

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Aboitiz Equity Ventures, Inc.AEV

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Issuance of Credit Rating by PhilRatings for the 2023 Bonds

Background/Description of the Disclosure

The Philippine Ratings Services Corporation ("PhilRatings") assigned a credit rating of "PRS Aaa" with a Stable Outlook on Aboitiz Equity Ventures Inc.’s (“AEV” or the “Company”) fixed-rate retail bonds issuance amounting to an aggregate principal amount of up to ₱17.45 billion (bn), inclusive of oversubscription (the “2023 Bonds”). According to PhilRatings, obligations rated "PRS Aaa" are of the highest quality with minimal credit risk, an indication of the extremely strong capacity of the obligor to meet its financial commitment on the obligation. A Stable Outlook means that "The rating is likely to be maintained or to remain unchanged in the next 12 months." The rating and outlook were assigned based on the following key considerations: a) AEV’s experienced shareholders and management, with a strong track record; b) its highly diversified investment portfolio which cushioned the adverse impact of external headwinds on some of the Company’s businesses in the first half of 2023 (1H2023); c) the Company’s sound growth strategies, with a particular focus on digitalization and portfolio diversification; d) its sustained profitability; and e) its manageable leverage and liquidity positions.

The 2023 Bonds will be issued as the second and final tranche of AEV’s ₱30.0 bn shelf registered debt securities program rendered effective by the Securities and Exchange Commission on November 22, 2022.

Subject to market conditions, the 2023 Bonds are expected to be offered to the general public during the third quarter of 2023. AEV intends to list the 2023 Bonds with the Philippine Dealing and Exchange Corp.

Other Relevant Information

Please see attached.

Filed on behalf by:
Name Sammy Dave Santos
Designation Senior Associate General Counsel