Manila Electric (PSE:MER) will redeem the remaining 2.87 billion Philippine pesos of its 7 billion pesos bonds on their maturity date, Dec. 12.
The 12-year bonds carry an annual fixed interest rate of 4.875%, and were originally issued on Dec. 12, 2013.
The final redemption will be made at 100% of face value, together with all accrued and unpaid interest up to the maturity date, through the Philippine Depository & Trust Corp. (PDTC) as paying agent.
PDTC will remit payments to the cash settlement accounts designated by bondholders, the power firm said.