AC Energy Inc. has raised $60 million from its latest issuance of green bonds that will be used to bankroll its renewable energy (RE) expansion efforts in the Asia-Pacific, parent firm Ayala Corp. said on Thursday.

In a disclosure, the Ayala-led conglomerate said the senior green bonds maturing in 2024 were priced in line with current market prices as AC Energy locked in competitive rates amid challenging market conditions.

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