Are you ready to purchase a green bond? REBPH recommends you study and consider Arthaland’s offering.
MANILA, Philippines — Arthaland Corp., the listed boutique developer of the Po family, will soon issue P3 billion worth of fixed-rate ASEAN Green Bonds.
This forms part of the total P6 billion bonds registered with the Securities and Exchange Commission’s shelf registration program. The bonds will be issued over a three year period.
Local debt watcher Philippine Rating Services Corp. upgraded the issue credit rating for Arthaland’s bonds to to PRS Aa from PRS Aa minus.
PhilRatings also assigned a stable outlook.
The so-called ASEAN Green Bonds adhere to the ASEAN Green Bonds Standards which require proceeds to be used exclusively to fund eligible green projects, including certified green buildings.
Arthaland’s completed and ongoing projects are at least dual certified with the Philippine Green Building Council’s (PHILGBC) Building for Ecologically Responsive Design Excellence (BERDE), and with the US Green Building Council’s (USGBC) Leadership in Energy and Environmental Design (LEED).
One of its office projects, Arthaland Century Pacific Tower (ACPT) in Bonifacio Global City, stands as the only triple-certified green project in the Philippines and the first in the world to achieve the EDGE Zero Carbon Certification under the International Finance Corp. (IFC).
According to PhilRatings, obligations rated PRS Aa are of high quality and are subject to very low credit risk.
Another property developer, Century Property Group of the Antonio family is likewise offering unsecured fixed-rate peso-denominated retail bonds of up to P3 billion.
#realestateblogph | #realestateblogphpropertynews | #REBPH | #realestate | #Arthaland | #bonds | #greenbond
Article and Photo originally posted by Philippine Star last December 16, 2020 12:00am and written by Iris Gonzales. Minor edits have been made by REBPH to cater to its own readers.
About Post Author
i love this amazing post