The Land Bank of the Philippines (Landbank) plans to raise at least P10 billion this year through the issuance of bonds, focusing on expanding its green and sustainability portfolios.
According to Landbank President and CEO Lynette Ortiz, the bank intends to finance projects related to renewable and clean energy via green, blue, or sustainability-linked bonds.
The bond issuance, expected to proceed by the second quarter of 2025, will be peso-denominated to reduce foreign exchange risks.
Landbank is also working on amendments to its charter to streamline the approval process for such initiatives.
While the bond issuance may face delays due to approval requirements, Ortiz emphasized the importance of acting quickly to take advantage of market opportunities.
Source: PhilNews24 | January 14, 2025
