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First Gen's EDC lists green bond tranche

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FIRST Gen Corp. subsidiary Energy Development Corp. (EDC) on Monday listed the second tranche of its Asean green bonds, amounting to P10 billion, at the Philippine Dealing & Exchange Corp. (PDEx).

FIRST Gen Corp. subsidiary Energy Development Corp. on Monday listed the second tranche of its Asean green bonds, amounting to P10 billion, at the Philippine Dealing & Exchange Corp. .It was the final tranche of a P15-billion shelf registration and was comprised of three-year bonds due in 2027, five-year bonds due in 2029, and seven-year bonds due in 2031.EDC said that strong demand enabled the company to exercise an oversubscription option and raise an additional P4 billion.

''We look forward to adding renewable energy capacity to address these and, through the green bonds, present the public with the opportunity to participate in financing clean and renewable energy projects,' he added, in line with EDC's mission of forging pathways for a 'decarbonized and regenerative future.

 

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EDC green bond offer approved by regulatorFIRST Gen Corp. on Monday said that subsidiary Energy Development Corp. (EDC) had secured regulatory approval for the issuance of fixed-rate green bonds in the amount of up to P10 billion.
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