Alternergy Board approves P10 billion green bonds shelf registration

Alternergy Holdings Corporation (PSE: ALTER), a Philippine pioneer in renewable power

development, announced that its Board of Directors has approved a proposed shelf

registration of up to P10 billion in fixed rate Green Bonds with an initial offering of up to P4 billion to fund its wind and solar projects.

The proposed bonds will be registered with the Securities and Exchange Commission (SEC) for issuance in tranches over five years. The move follows Alternergy’s successful maiden issuance of P2 billion in enrolled corporate notes in September.

The initial offering will comprise a base offer of P3 billion and an oversubscription option of up to P1 billion. The company is targeting a listing on the Philippine Dealing & Exchange

Corp. (PDEx) in the first quarter of 2027. This will mark Alternergy’s maiden offering of SEC-registered green bonds.

Proceeds will fund the company’s upcoming wind and solar projects awarded under the

Department of Energy’s fourth Green Energy Auction (GEA-4).

The proposed green bond issuance replaces the company’s earlier plan to issue perpetual preferred shares, which has been deferred indefinitely.

The Board authorized the Executive Committee to finalize the terms of the initial offering,

which will be disclosed at a later date.