THE Securities and Exchange Commission issued a permit to sell to Citicore Energy REIT Corp. for its maiden P4.5 billion ASEAN Green Bond offering.
“We are hopeful that the offer’s objective of funding green projects will translate to a favorable reception from the market,” Oliver Y. Tan, president and chief executive officer of CREIT, said in a press release on Monday. The offer period will run from Jan. 30 to Feb. 3. It will have SB Capital and Investment Corp. and PNB Capital and Investment Corp. as its joint local underwriters, issue managers and selling agents.
“We constantly explore and prioritize investment alternatives that would allow us to accelerate CREIT’s growth trajectory and green asset portfolio, to enable us to reward our shareholders with greater value,” Mr. Tan said.