The Securities and Exchange Commission said Friday it approved the P4.5-billion ASEAN Green Bonds of Citicore Energy REIT Corp.
CREIT will offer P3 billion worth of fixed-rate bonds with an oversubscription option for another P1.5 billion.
CREIT said the net proceeds from the bond offering would be used for the acquisition of solar rooftops system for lease, a solar power operator and properties that would be leased to solar power developers and operators.
The bonds will be offered at face value from Jan. 30 to Feb. 3, in time for listing at the Philippine Dealing and Exchange Corp. by Feb. 10, according to the latest timetable submitted to the SEC.
Citicore Energy CREIT tapped PNB Capital and Investment Corp. and SB Capital Investment Corp. as the joint issue managers, joint lead underwriters and joint bookrunners for the offering.
CREIT debuted in the Philippine Stock Exchange in February as the first energy-themed real estate investment trust.
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