IFC and ADB invest in inaugural $410m climate bond

Two of the world’s largest development lenders kick-start 2019 with a combined $95 million investment in AC Energy’s inaugural $410 million certified climate bond, listed on the Singapore exchange.

IFC and ADB invest in inaugural $410m climate bond

AC Energy, a wholly-owned subsidiary of Ayala Corporation in the Philippines, has attracted multilateral lenders International Finance Corporation IFC and the Asian Development Bank ADB to anchor its inaugural two-tranche $410 million climate bond.

“We are very encouraged by the strong reception among bond investors within the current volatile environment,” Cora Dizon, AC Energy’s chief financial officer said in a press release.

The first tranche of $225 million five-year notes...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: bonds | green bonds | financing | philippines | adb | ifc | ayala

Print Edition

FinanceAsia Print Edition