Philippines' EDC to sell up to $165 mln bonds, notes

MANILA, June 19 (Reuters) - Philippine power producer Energy Development Corp (EDC) (EDC.PS) said on Friday it plans to issue up to 8 billion pesos ($165 million) in bonds and notes to fund its expansion.

Giles Puno, chief financial officer of First Gen Corp (FGEN.PS), said subsidiary EDC is looking to issue 3-5 billion pesos of notes through private placement and another 3 billion pesos in bonds to individual investors.

EDC is the country's biggest privately owned power firm and its largest geothermal energy producer, with an installed capacity of 1,199 megawatts.

The Southeast Asian nation is the world's second-biggest geothermal producer after the United States. ($1=48.40 pesos) (Reporting by Manolo Serapio Jr., Editing by Ian Geoghegan)