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Manila Bulletin devider Business devider The Stock Market devider Arthaland's bonds named Green Project Deal of the Year

Arthaland's bonds named Green Project Deal of the Year

Published Jun 23, 2023 07:10 am
Listed property developer Arthaland Corporation’s P3 billion ASEAN Green Bonds issuance has been awarded the prestigious “Green Project Deal of the Year” in the Best Deals ASEAN Category at the 2023 The Asset Triple A Sustainable Infrastructure Awards. The awards recognizes outstanding institutions and deals in Asia that are defining a new phase in infrastructure finance that takes into consideration the Sustainable Development Goals of the United Nations. In a statement, Arthaland said the issuance comprises the second tranche of the Company’s P6 billion ASEAN Green Bond Program for which Arthaland established the first Green Finance Framework by a real estate company in the Philippines. Proceeds from the offer will substantially go towards funding the necessary investment in new certified sustainable projects that Arthaland will develop and launch within the next 10 years or more. The first tranche also won the “Best Local Currency Green Bond” award in the Deal of the Year - Real Estate category at the 2020 The Asset Triple A Regional Awards for Sustainable Capital Markets. "We are tremendously proud and deeply honored to receive this prestigious award," said Arthaland Vice-chairman and President Jaime C. González. He noted that, "As a leading advocate of sustainability, this recognition further inspires us to continue innovating and spearheading green building practices as the catalyst for achieving economic growth, environmental sustainability, and social advancement." Arthaland said it remains steadfast in its commitment to transforming the real estate landscape by integrating sustainable practices, fostering healthier communities, and contributing to a more inclusive and resilient future. The firm is the only real estate developer in the Philippines with a portfolio that is 100 percent certified as sustainable by both local and global organizations. It has made its mark in the Philippine real estate industry by pioneering the development and management of exceptional best-in-class properties that adhere to international and local standards.
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