IFC has committed an investment of $75m in the first-ever listed green bond issued by AC Energy Finance International, anchoring a $300m green bond. This is the first infrastructure-focused green bond to be publicly listed in Southeast Asia and helps open up more financing for renewable energy projects in the Asia Pacific region.
The proceeds from the AC Energy green bonds will be used to finance the company’s plans for up to 5GW of renewable energy projects in East Asia and Pacific to 2025. This builds on IFC’s investment in the power sector in Vietnam, particularly its equity stake in Gia Lai Electricity Joint Stock Company.
AC Energy’s parent company, Ayala Corporation, is a strategic client of IFC in Asia and a regional and global leader in the corporate pursuit of the UN Sustainable Development Goals as a founding member of the UN Global Compact Network in the Philippines.
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