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Arthaland Corporation Returns to PDEx with the Listing of its PHP 3 Billion Green Bonds
Posted on: January 5, 2023
22 December 2022, Makati, Philippines — Arthaland Corporation (ALCO) returned to the Philippine Dealing and Exchange Corp. (PDEx) today for the listing of its PHP 3 Billion 5-year and 7-year Green Bonds. The bonds carry coupon rates of 8.0000% p.a. and 8.7557% p.a., respectively, to be paid on a quarterly basis.
In his welcome remarks, PDEx President and CEO Antonino A. Nakpil said: “It is fitting to end bond listings with a “Green” listing from Arthaland, which is also notably our first non-bank corporate issuer of Green Bonds, because 2022 also marks the highest volume of GSS Bonds issued and listed in a year at PHP 80.46 Billion or 16% of the record PHP 508 Billion issued and listed this year.”
“And Arthaland is surely building an even better brand name recall from its bondholders as coupon payments (of 8.0 and 8.7557%) will enter designated bank accounts three days before Christmas for the next five to seven years. Season’s Greetings…sustained! This is what a fixed income market infrastructure is built for, that is, a platform for these interactions between Issuers and Investors to take place.”, Mr. Nakpil further added.
ALCO Director Christopher Nicolas Paulus T. Po also took the opportunity to share a few words. He remarked: “The ASEAN Green Bonds carry our commitment to use the proceeds only towards projects that meet minimum green building certifications and to be transparent in disclosing the environmental impact of these projects by way of energy savings and reductions in greenhouse gas emissions. Through this offer, we believe that we are giving institutions and the public a chance to participate in this noble cause. Indeed, the success of this offer shows that many share Arthaland’s vision of building world-class and sustainable developments that will provide a wealth of life at home, at work, in the community, and our country.”
This 29th admission for 2022 brings the year-to-date total of new admissions to PHP 508.04 billion, pushing the total level of tradable corporate debt instruments to PHP 1.38 trillion issued by 53 companies, comprised of 194 securities.