Philippines' AC Energy launches $225m maiden green bonds

The bonds, priced at $99.45, have a five-year tenor and 4.75% per annum coupon.

Philippine utility AC Energy has set the terms for its $225m maiden green bond with a five-year tenor and coupon of 4.75% per annum, priced at $99.45.

According to an announcement, the bonds will be issued by AC Energy subsidiary AC Energy Finance International Limited and listed on the Singapore Exchange Securities Trading (SGX-ST).

The bonds have received pre-issuance certification as Climate Bonds under the Climate Bonds Standard (CBS). The Climate Bonds Standard Board of the Climate Bonds Initiative (CBI) approved the certification of the notes on 14 January 2019.

AC Energy’s issuance will be the first publicly syndicated CBI-certified USD Green Bond in Southeast Asia, the company added.

HSBC acted as sole global coordinator; Bank of America Merrill Lynch (BofAML) acted as sole green structuring agent, and BofAML, CLSA, and HSBC acted as joint bookrunners and joint lead managers, with the participation of BDO Capital, BPI Capital Corp., and China Bank Capital as domestic managers.

Also Read

China's coal-fired power sector expected to see profit recovery

Global offshore wind capacity rose by 9.8 GW in 2023

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit