General Announcement::AC Energy Issues Bond via Private Placement

Issuer & Securities

Issuer/ Manager
AC ENERGY FINANCE INTERNATIONAL LIMITED
Securities
AC ENER FINUS$225M4.75%N240129 - XS1940840132 - OEHB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
01-Jul-2020 12:50:51
Status
New
Announcement Sub Title
AC Energy Issues Bond via Private Placement
Announcement Reference
SG200701OTHRNLHC
Submitted By (Co./ Ind. Name)
AC Energy, Inc. / Irene Maranan
Designation
Head, Corporate Communications and Sustainability
Effective Date and Time of the event
29/06/2020 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, launched a US$60 million tap on its five-year senior Green Bonds due 2024, via private placement (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 will be 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, and will be listed on the SGX-ST.

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About AC Energy

AC Energy is the energy platform of Ayala, one of the largest business groups in the Philippines.

AC Energy is one of the fastest growing energy companies with over US$1 billion of invested and committed equity in renewable and thermal energy in the Philippines and around the region.

From a strong local base, AC Energy is expanding rapidly around the region through strategic partnerships and greenfield initiatives. The company aspires to exceed 5 GW of attributable capacity, and generate at least 50% of energy output from renewables by 2025.

www.acenergy.com.ph


For inquiries and more information, please contact:

Irene Maranan
Head - Corporate Communications and Sustainability
Email : maranan.is@acenergy.com.ph
Contact number: +63 917.5298339

Attachments

PR-AC Energy upsizes senior green bonds to US$ 470M vF.pdf
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