EDC prices punchy $300 million 10-year bond

Energy Development Corp last night priced a $300 million 10-year bond at a yield of 6.5%, after attracting more than $1.1 billion of demand.

Energy Development Corp (EDC), the largest geothermal energy producer in the Philippines, last night priced its $300 million 10-year bond. The Reg-S deal gathered more than $1.1 billion of demand, split over 86 orders.

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