EDC green bond offer approved by regulator

By Ed Paolo Salting

May 14, 2024 12:24 am

FIRST Gen Corp. on Monday said that subsidiary Energy Development Corp. (EDC) had secured regulatory approval for the issuance of fixed-rate green bonds in the amount of up to P10 billion.

In a disclosure, First Gen said the Securities and Exchange Commission (SEC) had greenlit the second tranche of EDC's fixed-rate Asean green bonds 'in the aggregate principal amount of P6 billion, with an oversubscription option of up to P4 billion, at an issue price of 100 percent of face value.'

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