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 at 4.75% was increased to $300 million on January 31 after IFC took an additional $75 million.
The second tranche of $110 million 10-year notes at 5.25% was sold via private placement,...
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