AC Energy Inc raised $400 million (EUR 363.4 million) in green bonds, the first US dollar-denominated fixed-for-life green bond globally. The company plans to expand the footprint of renewable energy and sustainability across the ASEAN region. The Philippines-based company, part of the Ayala Corp, plans to generate at least 50 percent of its total energy output through the renewable sector by 2025. The company will fund 1000MW of renewable projects through the proceeds of the bond. (USD 1.0 = EUR 0.909; M:Million).
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