Aboitiz eyes green bonds for subsidiary next year

By Alena Mae S. Flores – December 25, 2022, 6:35 pm
from manilastandard.net

Aboitiz Power Corp. is studying the issuance of green bonds in late 2023 to finance renewable energy projects, an executive said.

“It’s going to be renewables for the next things that we’re going to do. I’m really planning that we get to do a green bond. I hope to be able to do it before the end of next year,” Aboitiz Power chief financial officer Liza Luv Montelibano said.

Montelibano said the planned green bond issue “will depend on how ripe the other things are.”

“The more projects that ripen, the bigger we will raise, because for now for the pipe that we have disclosed, I’m pretty much set with that one,” Montelibano said.

“The speed at which we’ll be able to do it will vary the amount we’ll do next year,” Montelibano said.

“Nowadays, when people do a maiden shelf, it’s about P3 billion. That’s the smallest. So, it can be P3 billion at first, which we can follow with a bigger one,” Montelibano said.