Connect with us

Hi, what are you looking for?

News

CREIT board clears P4.5-B unsecured fixed rate bonds

CITICORE Energy REIT Corp. (CREIT) said on Thursday that its board of directors had approved the issuance of P4.5 billion worth of unsecured fixed rate ASEAN green bonds.

In its regulatory filing, CREIT said its green bonds comprised of a based offer of up to P3 billion with an oversubscription option of up to P1.5 billion. These are subject to the approval of the Securities and Exchange Commission and Philippine Dealing and Exchange Corp.

Proceeds from the green bond offering will be used for the acquisition of multiple operating solar rooftop systems and various real estate properties suitable for utility-scale solar power plants.

ASEAN green bonds are specific bonds where proceeds will be exclusively applied to fund or refinance new or existing green projects.

In the second quarter, CREIT recorded a net income of P300.84 million, or more than four times higher than the P65.68 million earned in the corresponding period last year.

CREIT is a listed company whose listing was sponsored by Citicore Renewable Energy Corp.

On Thursday, shares in the company slipped by 1.74% or four centavos to end at P2.26 apiece. — Ashley Erika O. Jose

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

News

PHILIPPINE STAR/ MICHAEL VARCAS WASHINGTON D.C. — The United States is seeking to form a coalition of countries to drive negotiations on a global...

News

Buildings are seen along EDSA in Quezon City. — PHILIPPINE STAR/ MIGUEL DE GUZMAN By Diego Gabriel C. Robles  THE WORLD BANK (WB) upgraded...

News

Heavy traffic is seen on the southbound lane of EDSA in Cubao, Quezon City. — PHILIPPINE STAR/ MIGUEL DE GUZMAN THE PHILIPPINE auto industry’s...

News

REUTERS THE BANGKO SENTRAL ng Pilipinas (BSP) may deliver a second off-cycle rate hike in early November when the US Federal Reserve is expected...

News

Vendors arrange their goods at a public market in Manila. — PHILIPPINE STAR/ RUSSEL A. PALMA THE ASIAN Development Bank (ADB) is planning to...

Editor’s Pick

With the reversal of the 1.25% rise in National Insurance Contributions happening on the 6th of November, employers across the nation have an opportunity...

You May Also Like

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.