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AN ABOITIZ-LED consortium has secured loan commitments totaling up to P70 billion from BDO Unibank and Metropolitan Bank & Trust Co. to finance part of its takeoverAN ABOITIZ-LED consortium has secured loan commitments totaling up to P70 billion from BDO Unibank and Metropolitan Bank & Trust Co. to finance part of its takeover

Aboitiz-led group secures P70-B financing for CBK hydro takeover

2025/12/19 00:13

FINANCE$0.0001958-4.85%

AN ABOITIZ-LED consortium has secured loan commitments totaling up to P70 billion from BDO Unibank and Metropolitan Bank & Trust Co. to finance part of its takeover of the Caliraya-Botocan-Kalayaan (CBK) hydropower facilities in Laguna.

In a regulatory filing on Thursday, the company said each bank has committed up to P35 billion, which the consortium may draw down to fund the transaction.

The financing follows the Philippine Competition Commission’s approval of the acquisition of the CBK power plant complex on Dec. 1.

Thunder Consortium — composed of Aboitiz Renewables, Inc., Japan’s Sumitomo Corp., and Electric Power Development Co. — won the privatization of the large-scale hydropower asset after submitting a P36.266-billion bid.

Aboitiz Renewables, Inc., a subsidiary of Aboitiz Power Corp., serves as the group’s platform for investments in renewable energy, with projects spanning solar, geothermal, hydropower, wind, and battery energy storage systems.

The company said the CBK power plants are expected to contribute to earnings immediately upon turnover.

The CBK complex consists of the 39.37-megawatt (MW) Caliraya plant in Lumban, the 22.91-MW Botocan plant in Majayjay, and the 366-MW Kalayaan I and 368.36-MW Kalayaan II pumped-storage facilities, all located in Laguna.

The asset is operated under a 25-year build-rehabilitate-operate-transfer agreement between CBK Power Co. Ltd. and the National Power Corp. (NPC).

State-run Power Sector Assets and Liabilities Management Corp. (PSALM), which led the privatization, is targeting the turnover of the power plant complex in February 2026.

PSALM is mandated to privatize the government’s power assets to help settle NPC’s financial obligations. — Sheldeen Joy Talavera

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The post CME Group to launch Solana and XRP futures options in October appeared on BitcoinEthereumNews.com. CME Group is preparing to launch options on SOL and XRP futures next month, giving traders new ways to manage exposure to the two assets. The contracts are set to go live on October 13, pending regulatory approval, and will come in both standard and micro sizes with expiries offered daily, monthly and quarterly. The new listings mark a major step for CME, which first brought bitcoin futures to market in 2017 and added ether contracts in 2021. Solana and XRP futures have quickly gained traction since their debut earlier this year. CME says more than 540,000 Solana contracts (worth about $22.3 billion), and 370,000 XRP contracts (worth $16.2 billion), have already been traded. Both products hit record trading activity and open interest in August. Market makers including Cumberland and FalconX plan to support the new contracts, arguing that institutional investors want hedging tools beyond bitcoin and ether. CME’s move also highlights the growing demand for regulated ways to access a broader set of digital assets. The launch, which still needs the green light from regulators, follows the end of XRP’s years-long legal fight with the US Securities and Exchange Commission. A federal court ruling in 2023 found that institutional sales of XRP violated securities laws, but programmatic exchange sales did not. The case officially closed in August 2025 after Ripple agreed to pay a $125 million fine, removing one of the biggest uncertainties hanging over the token. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/cme-group-solana-xrp-futures

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