MANILA, Philippines — Energy Development Corp. raised P5 billion from its ASEAN green bond offering, which will be used to fund expansion and growth plans. EDC listed yesterday the P5-billion first tranche of the P15-billion ASEAN green bonds at the Philippine Dealing & Exchange Corp. (PDEx). Tantoco said the maiden green bond offering marks EDC’s return to the debt capital markets, which was last done in 2013. While EDC is a returning lister of its corporate bonds in the PDEx, the latest offering may not be considered as a maiden issuance green bonds, PDEx president and CEO Antonino Nakpil said in the same event. SEC chairman Emilio Aquino said this is the first SEC-registered peso ASEAN green bond issuance by a local company.

Source: Philippine Star June 25, 2021 16:07 UTC