Citicore board approves P4.5-B bond issue

IN a disclosure to the Philippine Stock Exchange and the Securities and Exchange Commission, the board of directors of Citicore Energy REIT Corp. (CREIT) approved the issuance of up to P4.5-billion unsecured fixed-rate Asean green bonds worth P3 billion with an oversubscription option of P1.5 billion.

The board also approved the execution of agreements and documents needed to acquire the operating solar rooftop systems and different real estate properties for utility-scale solar power plants under the use of the corporation's bond offering.