星期二, 25 2 月, 2025
Home PV Project Philippines's EDC says plans $300 mln bond issue

Philippines's EDC says plans $300 mln bond issue

Energy Development Corp (EDC), the Philippines' largest geothermal power producer, said on Friday it had board approval to sell $300 million of bonds.


The company, a unit of First Gen Corp, one of the country's largest privately owned power generation firms, told the stock exchange the final terms, size and timing of the dollar bond sale would depend on market conditions.


It intends to use the proceeds to fund projects, capital expenditures, debt servicing requirements, and other general corporate purposes.


The bonds are intended to be listed on the Singapore Exchange Securities Trading Ltd, the company said.


Deutsche Bank and JPMorgan Securities Ltd are joint lead managers for the transaction.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

400W of free energy for 25 years – this company presents the first bifacial solar billboard

Next2Sun has unveiled the world’s first bifacial solar fence, a groundbreaking step in renewable energy that does more than just generate electricity—it also works...

OCI Holdings Partners with Arava Power for 260MW Solar Project in Texas

OCI Holdings, a prominent South Korean company in the solar energy sector, announced on Feb. 24 that its U.S. subsidiary, OCI Energy, has entered...

Northern Solar eyes growth amid rising clean energy demand

Announcing the earnings, Northern Solar achieved revenue of RM24.05 million for the third quarter (Q3) ended December 31, 2024 (FY24), driven primarily by its...

Cornish company takes on ‘controversial solar farm projects’

A Cornish company has said its taking on “controversial solar farm projects”. Vertical PV UK, based in Newquay, says its technology allows farmers to have...