AC Energy Corp. subsidiary, ACEN Finance Ltd. successfully issued its dollar-denominated senior guaranteed undated fixed-for-life green bonds which brought the company’s total fund-raising for this year alone, close to $1 billion (P49.94 billion).
AC Energy said the amount will be utilized to invest in renewable energy (RE) projects including solar energy, onshore and offshore wind energy projects as well as geothermal energy projects with direct emissions of less than 100 carbon dioxide equivalent per kilowatt hour.
“The success of this fixed-for-life offering highlights the international investor community’s continuing confidence in ACEN and in our strategic objectives. We believe that this green bond issuance will further empower us to scale up RE investments and achieve our vision of becoming the largest listed renewable energy platform in Southeast Asia,” said Eric Francia, ACEN president and chief executive officer, in a statement. – Jed. Macapagal
