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.
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