AP Renewables Inc. (APRI) is a subsidiary of the listed AboitizPower Corp, which is a large energy developer in the Philippines. It issued this bond to support the Tiwi-MakBan geothermal power plants, which have a combined capacity of 390MW.
The Asian Development Bank provided a credit enhancement by guaranteeing 75% of the bond. ADB also approved a PHP 1.8 bn (USD 37.7m) direct loan.
Date of Issue | Size | Tenor | Country of Issue | Climate Bonds Sector Criteria | Verifier's Report | Annual Report | Further Information |
March 2016 | PHP10.7bn (USD 225m) | 10 years | Philippines | Geothermal |