“We are grateful for the strong support of Philippine institutional and retail investors for the company’s maiden peso green bond issuance,” ACEN President and Chief Executive Officer Eric T. Francia said in a statement.
ACEN noted that the green bonds were eight times oversubscribed, signaling robust demand and strong participation from institutional investors. Maria Corazon G. Dizon, ACEN’s chief financial officer and treasurer, said amid the “challenging macroeconomic environment, we are encouraged by the enthusiastic take-up of our bonds by the investing community.”
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