Philippines’ ACEN to offer P10b green bonds

This will fund three major solar farms with a combined capacity of about 460MW.

Philippine firm ACEN announced it has secured approval of the Securities and Exchange Commission for the maiden issuance of peso-denominated Green Bonds.

The bonds have an aggregate principal amount of P10b with a fixed annual interest of 6.05% due September 2027.

This forms part of ACEN’s three-year shelf registration of up to P30b in debt securities.

Proceeds from the Green Bonds will be used to either finance or refinance new or existing green projects of the company.

In particular, the proceeds will be earmarked for 283MWdc San Marcelino Solar Farm in Zambales, the 42MWdc expansion of the Arayat-Mexico Solar Farm in Pampanga, and the construction of the 133MWdc first phase of the Cagayan Solar Farm in Lalo, Cagayan.

The offer period for the Green Bonds will run from 9 to 15 September 2022. The target listing date is 22 September 2022.

Follow the link for more news on

ACEN

Philippine Renewable Energy

Also Read

ACEN’s net income grows 24% to $138m in 9M 2024

Vena Energy’s 53 MW Kasama Solar Project starts operation

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