Asia’s first climate bond explained

Author: Brian Yap | Published: 24 Mar 2016

Asia’s first climate bond has closed in the Philippines, and is expected to boost infrastructure funding in the region. The PHP10.7 billion ($255 million) bond was issued by AP Renewables, a unit of Philippine energy company Aboitiz Power, for the financing of its TiwiMakBan geothermal power facilities in the Albay province.

The bond, which has been certified by the Climate Bonds Initiative, is the first in Asia and the first ever climate bond for...


 

 

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