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Economy 1 MIN READ

Philippines pitches at least $500 mln green bond offer to European investors

February 18, 2022By Reuters
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MANILA, Feb 18 (Reuters) – Philippine Finance Secretary Carlos Dominguez has sought European investors’ support for the country’s inaugural green bonds offering, worth at least $500 million, to raise funds for clean energy projects, his department said on Friday.

Dominguez in a news release said the sale of these debt securities, known as environmental, social and governance (ESG) sovereign bonds, will be done “in the coming weeks”.

(Reporting by Enrico Dela Cruz; Editing by Martin Petty)

((enrico.delacruz@tr.com))

This article originally appeared on reuters.com

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