The bond issuance has a fixed interest rate of 6.0526% per annum; and it has a 5-year tenor that will be due in 2027. This is part of the P30 billion debt securities program registered by the Ayala energy company with the Securities and Exchange Commission .
The additional project financing it fetched from the capital market will boost Ayala’s capability to concretize its pipelined renewable energy installations that shall be propped up to a towering 20,000 megawatts in the next eight years. As reiterated by ACEN President and CEO Eric T. Francia, “the successful offering will help ACEN realize its vision of reaching 20 GW of renewables capacity by 2030.”
Cora Dizon, chief finance officer and treasurer of ACEN, noted that despite the challenging macroeconomic environment, there had been “enthusiastic take-up of our bonds by the investing community.”
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