星期日, 13 7 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

India will add 8,500 MWh of storage within the next two years

India Central Electricity Authority Chairperson Ghanshyam Prasad said on Wednesday that 3,300 MW of Battery Energy Storage System (BESS) projects are in the pipeline...

Coal giant snaps up solar thermal project in landmark deal for long duration storage technology

AGL, Australia’s biggest coal generator, has snapped up a newly approved solar thermal project in South Australia, adding to its options for long duration...

Al Kharsaah: A Pioneering Solar Power Plant in Qatar

Located 80 km west of Qatar's capital, Doha, the Al Kharsaah Solar PV Independent Power Producer (IPP) project is the country's first large-scale solar...

OMV Petrom Buys 50 Pct Stake in Gabare Solar Project

OMV Petrom S.A. has acquired a 50 percent stake in the Gabare solar project from Enery Element, a large-scale project in Byala Slatina, near...