Debt - Listing Confirmation::Additional US$60,000,000 4.75% Senior Notes due 2024

Issuer & Securities

Issuer/ Manager
AC ENERGY FINANCE INTERNATIONAL LIMITED
Securities
AC ENER FINUS$225M4.75%N240129 - XS1940840132 - OEHB

Announcement Details

Announcement Title
Debt - Listing Confirmation
Date &Time of Broadcast
13-Jul-2020 21:45:25
Status
New
Announcement Sub Title
Additional US$60,000,000 4.75% Senior Notes due 2024
Announcement Reference
SG200713OTHR2JI5
Submitted By (Co./ Ind. Name)
AC Energy, Inc. / Irene Maranan
Designation
Head, Corporate Communications and Sustainability
Effective Date and Time of the event
13/07/2020 00:00:00
Description (Please provide a detailed description of the event in the box below)
AC Energy, Inc. ("AC Energy"), Ayala Corporation's (PSE:AC) energy platform, listed on 13 July 2020 the US$60 million tap on its five-year senior Green Bonds due 2024, which was issued via private placement on 9 July 2020 (the "Bonds"). It appointed The Hongkong and Shanghai Banking Corporation Limited as Dealer for the Bonds. The five-year series of the Bonds was originally issued in January 2019 and has a coupon of 4.75% per annum. This private placement was priced in line with current market prices as AC Energy locked-in competitive borrowing rates in the midst of challenging market conditions. This brings the aggregate principal of the five-year series to US$360 million and together with the US$110 million ten-year bonds due 2029, brings the total of AC Energy's senior Green Bonds to US$470 million.

AC Energy's senior Green Bonds received certification as Climate Bonds under the Climate Bonds Standard. The proceeds of the issuance will be used to finance Eligible Green Projects in accordance with AC Energy's Green Bond Framework.

The Bonds were issued by AC Energy Finance International Limited, a wholly-owned subsidiary of AC Energy, and will be guaranteed by AC Energy. It is a drawdown off AC Energy's US$1.0 billion Medium Term Note Programme.

Attachments

AC Energy Series 1 Tranche 3 - SGX AIP EFI2020070005 1593668008525.pdf
AC Energy Series 1 Tranche 3 - Confirmation and Undertaking Letter SIGNED.pdf
LQ AC Energy Additional Shook Lin Bok LLP 13072020.pdf
Total size =306K