ACEN Corp., the Ayala Group's renewable energy platform, said on Monday that it had issued corporate guarantees amounting to an aggregate of $320 million in favor of two lenders of its subsidiary, ACEN Cayman.
In a filing with the stock exchange, it said that on January 12, it executed parent company guarantees in favor of ACEN Cayman lenders Philippine National Bank for $140 million and Rizal Commercial Banking Corp. for $180 million.
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