Saavedra-led Citicore Renewable Energy Corp. (CREC) plans to tap the green bond market next year, stepping on the gas to become one of the largest power producers in the country.
MANILA, Philippines — Saavedra-led Citicore Renewable Energy Corp. plans to tap the green bond market next year, stepping on the gas to become one of the largest power producers in the country.He said the issuance would depend on interest rate conditions, as “we would want to wait for a cut for rates to go down.”
CREC debuted on the Philippine Stock Exchange last Friday, successfully raising P5.3 billion and making it the country’s second initial public offering this year. “With this new equity, CREC will have an expanded balance sheet, thereby enabling it to potentially issue green bonds to further fund the third batch GW of the solar plant,” he said.
An SRO is capital-raising activity that gives the existing shareholders of a publicly listed company the right to buy additional shares, usually at a discounted price. Following the resignation of two of its members amid the unprecedented ghost employees scandal, the Monetary Board of the Bangko Sentral ng Pilipinas now has two empty seats to be filled by President Marc...
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Citicore Renewable lists on stock exchangeCITICORE Renewable Energy Corp. (CREC) debuted on the Philippine Stock Exchange (PSE) on Friday, having raised more than P5 billion from an initial public offering amid a warm reception from local and international investors.
Read more »
Citicore Renewable IPO pushed back to June 7Citicore Renewable Energy Corporation pushed its IPO back one week to June 7, with a revised offer period between May 27 and May 31. This is the second time that CREC’s IPO has been rescheduled.
Read more »
The week aheadThis week is all about the Citicore Renewable Energy [CREC] IPO.
Read more »
Edgar Saavedra raises P5.3 billion from IPO of renewable energy company CRECThe UK government's investment vehicle MOBILIST makes its first IPO investment in the Philippines by buying shares in Citicore Renewable Energy Corp. worth $12.5 million
Read more »
CREC plans to issue green bonds in 2025Defining the News
Read more »
Comelec wants ban on AI, deepfake campaign materials in 2025 pollsThe Commission on Elections is seeking a ban on the use of artificial intelligence in campaign materials for the 2025 elections, including the creation of 'deepfake' images or audio.
Read more »