The green bond offer ended on January 28, with Arthaland saying it had used its option to raise the offering by P1 billion, which allowed the company to raise a total of P3 billion, in coverage to the Philippine Stock Exchange on January 29.
Arthaland’s five-year bonds carry an interest rate of 6.3517% a year, in which they will be listed on the local fixed-income trading platform on February 6, 2020.
With several companies being part of its growth, with BDO Capital Investment Corp. and ING acting as joint lead underwriters and joint book-runners alongside with the partnership between the Po and Gonzales families, Arthaland is issuing the bonds for the Association of Southeast Asian Nations green bonds, in which the platform utilizes fundraising for projects that support and preserve the environment.
Arthaland is a publicly-listed company in the Philippine Stock Exchange (PSE), known for developing premium green and sustainable projects. Their company name, ‘Artha’, is a Sanskrit word associated with ideas of purpose, knowledge, significance and wealth.