Arthaland Corp. is seeking the approval of the Securities and Exchange Commission (SEC) for its P6-billion fixed rate bonds, to be registered under a shelf registration. The bonds have a five-year tenor due in 2024 and would be issued with a minimum of P50,000 face value and in increments of P10,000 thereafter. BDO Capital & Investment Corp. and ING Bank B.V. Manila Branch are the lead underwriters and bookrunners of the transaction. Half of the shelf registration will be issued as Association of Southeast Asian Nation (Asean) bonds to fund its green projects. The bulk of the proceeds would go to “Eligible Green Projects to retain retail and office units that are originally allotted for sale to third-party buyers.” P1.14 billion will be earmarked to meet the equity requirement to purchase property for its Manila Long-Term Project and the remaining P305.35 million will partially pay the loan acquired to finance Arthaland Century Pacific Tower. Arthaland saw its consolidated net income in January to September skyrocket to P801.12 million from the year-earlier P87.09 million as its gross revenues grew more than twofold. Arthaland shares dropped by 2 centavos or 2.33 percent to close at 84 centavos each on Wednesday.