Po family to raise P3B from second tranche of Arthaland’s green bond issue

Arthaland

Po-family led upscale property developer Arthaland Corp. is set to issue the second tranche of its ASEAN Green Bonds under shelf registration which could yield up to P3 billion.

Arthaland said its board approved the sale of as much as P3 billion ASEAN Green Bonds which will come from the remaining unissued portion of its shelf registration of up to P6 billion.

The first tranche was issued by the company in 2020, and was listed on the Philippine Dealing & Exchange Corp.

Proceeds from the initial P3 billion ASEAN Green Bonds issuance were used by Arthland to finance a portfolio of eligible projects related to green development.

ASEAN Green Bonds refer to bonds and sukuk 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/or existing eligible green projects.

https://bilyonaryo.com/2022/10/11/po-family-to-raise-p3b-from-second-tranche-of-arthalands-green-bond-issue/property/