The Securities and Exchange Commission has approved Citicore Energy REIT Corp.’s issuance of ASEAN Green Bonds.
ASEAN Green Bonds are debt papers, which comply with the ASEAN Green Bonds Standards, where the proceeds will be exclusively applied to finance or refinance, in part or in full, new and existing eligible green projects. The company expects to net up to P4.42 billion from the offer, assuming the oversubscription option is fully exercised. Proceeds will be used for the acquisition of solar rooftops system for lease, a solar power operator, as well as the acquisition of properties that will be leased to solar power developers and operators.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: