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ACEN Corporation Debuts in PDEx with its PHP 10 Billion ASEAN Green Bonds Due 2027
Posted on: September 27, 2022
22 September 2022, Makati, Philippines — ACEN Corporation (“ACEN”), the listed energy platform of the Ayala Group, joined the PDEx Community of Issuers with the maiden issuance of its PHP 10 billion Fixed-Rate ASEAN Green Bonds Due 2027. The bond carries a coupon rate of 6.0526% p.a., to be paid on a quarterly basis.
“We note ACEN and the entire Ayala energy group’s integration of sustainability in corporate strategies, keeping both environmental and social responsibilities in the mix and recognition of creating value not just for its businesses, but also for stakeholders and the environment. These are summed up in the most laudable pledge to achieve Net Zero greenhouse gas emissions by 2050. Such goals indicate implicit ‘support from the top,’ an ingredient which was cited as vital for the success of ESG initiatives in a recent Asian Impact Webinar of the ADB on Practical Insights from Sustainable Bond Issuers”, said PDEx President and CEO Antonino A. Nakpil as he recognized ACEN’s efforts in promoting and practicing sustainable development.
SEC Commissioner Kelvin Lester K. Lee was also in attendance and delivered a special message. “With this PHP 10-billion Green Bonds issuance and listing, ACEN shows its continued confidence in the trajectory of the Philippine economy and its contribution to the number of available sustainable investments in the Philippine debt capital markets.”
“The Commission is optimistic that the sale from the offer adds to the robustness and diversification of our capital markets. Rest assured that the Securities and Exchange Commission remains passionate in our goal of developing our domestic capital markets to become one of the leaders in the region,”, Commissioner Lee further added.
On his end, ACEN President and CEO Eric Francia also expressed gratitude on behalf of ACEN, to all parties involved in making the issuance a success. He remarked: “We are grateful for the strong support of Philippine institutional and retail investors for the company’s maiden peso green bond issuance. The successful offering will help ACEN realize its vision of reaching 20 GW of renewables capacity by 2030.”
This 22nd admission for 2022 brings the year-to-date total of new listings and enrollments to PHP 381.12 billion, pushing the total level of tradable corporate debt instruments to PHP 1.34 trillion issued by 55 companies, comprised of 193 securities.