SMC Global Power Holdings Corporation has announced plans to raise approximately PHP60 billion from a bond offer in the Philippines. The company has received board approval for the sale of shelf-registered fixed rate retail bonds to the public. Proceeds from the offering are expected to finance SMC Global’s plans to expand investments in renewable energy (RE) and clean power investments.
This is also expected to support the company’s goal of reducing its carbon footprint while simultaneously meeting the Philippines’ need for reliable and economical energy supply.