Philippines’ AC Energy mulls PHP 10 billion of five-year green bonds

By Devika Patel

Knoxville, Tenn., July 6 – AC Energy Corp. has been authorized to issue up to PHP 10 billion of fixed-rate five-year green bonds under a newly established PHP 30 billion three-year debt securities program, according to a Form 17-C filed with the Securities and Exchange Commission.

Proceeds will be used for renewable energy projects, including expansion of the Arayat-Mexico Solar Power Project, the Cagayan Solar I Project (NAREDCO) and the Phase I of the San Marcelino Solar Project/Transmission Line.

The energy company is based in Makati City, Philippines.

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