Philippines’ First Blue Bond Public Offer May Come Next Month
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Maynilad Water Services Inc. is seeking regulatory approval for what may be the Philippines’ first public offering of blue bonds as the country enforces new rules for projects aimed at tackling water pollution.
The Philippine company, which provides water and wastewater services to over a dozen cities and towns in metropolitan Manila, has applied to the nation’s Securities and Exchange Commission for registration of its proposed blue bonds offer worth as much as 12 billion pesos ($213 million) with an oversubscription option of up to 3 billion pesos.