ADB-AboitizPower ink $225m landmark Asian climate bond deal for Philippine energy project

ADB-AboitizPower ink $225m landmark Asian climate bond deal for Philippine energy project

One of the Tiwi-MakBan geothermal energy facilities (visual from ADB website).

The Asian Development Bank (ADB) and the AboitizPower unit have signed the first climate bond deal in Asia-Pacific region, pegged at $225 million (P10.7 billion), to back a Philippine-based geothermal energy project.

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