AC Energy Inc. has earned distinction for its maiden sale of green bonds from the Association of Southeast Asian Nations (Asean). In a statement on Tuesday, Ayala Corp.’s power generation arm said it had received from the regional bloc the Asean Green Bond label under the Asean Grand Bonds Standards. AC Energy President and Chief Executive Officer Eric Francia said that with this label, “we can further tap into green finance to support our sustainable regional growth, providing a firm assurance to investors that these projects will benefit a low-carbon and climate-resilient economy.” The Asean Green Bonds Standards is an initiative that facilitates Southeast Asian capital markets in tapping green finance to support sustainable regional growth and meet investor interest for green investments. Since its launch in November 2017, fewer than 20 bond issuances in the region carried the label, and of these, two came from the Ayala Group.
