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...

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