EDC to issue P5-B worth of Green Bonds – Manila Bulletin

Published March 16, 2021, 4:54 PM
Energy Development Corporation (EDC)  is planning to issue P3 billion worth of Green Bonds with an oversubscription option of up to P2 billion.
Philippine Rating Services Corporation (PhilRatings) said it has assigned its highest issue credit rating of PRS Aaa, with a Stable Outlook, for EDC’s proposed Green Bonds.
PhilRatings also maintained its top issue credit rating of PRS Aaa, with a Stable Outlook, for EDC’s outstanding P4.0 billion Fixed-rate Bonds due in 2023.
Obligations rated PRS Aaa are of the highest quality with minimal credit risk. The obligor’s capacity to meet its financial commitment on the obligation is extremely strong.

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