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ACEN, the listed energy platform of the Ayala Group, was recently recognized by The Asset, Asia’s leading financial publication for issuers and investors, with the award for “Best Green Bond” for its US$ 400 million fixed-for-life green bonds.
ACEN’s aspiration is to be the largest listed renewables platform in Southeast Asia, with a goal of reaching 5,000 MW of renewables capacity by 2025. The company has over 3,000 MW of attributable capacity in the Philippines, Vietnam, Indonesia, India, and Australia. The company’s renewable share of capacity is at ~80%, among the highest in the region. In October 2021, ACEN announced its commitment to achieve net-zero greenhouse gas emissions by 2050.
The award highlights not only the international investor community’s continuing confidence in ACEN, but also the strong appreciation for sustainable securities in the debt capital markets.
“Winning this prestigious award is a testament to ACEN’s commitment to tap green financing to enable our renewable energy investments across the region,” said ACEN CFO and Treasurer, Cora Dizon. “While the deployment of green bonds to our projects go toward benefitting a low-carbon and climate-resilient economy, it also provides investors an opportunity to invest in an ESG-anchored company.”
The green bond issuance was facilitated by BPI Capital Corporate as sole global coordinator, joint bookrunner and joint lead manager, with Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley, UBS acting as joint bookrunners and joint lead managers, with the participation of China Bank Capital Corporation, First Metro Investment Corporation, PNB Capital and Investment Corporation, and RCBC Capital Corporation as domestic lead managers.
ACEN’s parent, ACEIC, earlier received global recognition as Best New Green Bond Issuer from London-based International Finance, and from Hong Kong’s The Asset for Best Green Bond and Best Issuer for Sustainable Finance (Corporate) in the Philippines. Additionally, the company’s perpetual green bond was awarded Best Corporate Bond in Asia Pacific by The Banker during its Deals of the Year Awards 2020.