AP Renewables Inc

 

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

DNVL.GL pre issue report

DNV.GL post issue report

Annual Report 2017

Annual Report 2018

Annual Report 2019

Climate Bonds blog post

Press release by ADB

Press Release by AP Renewables