Arthaland Corp., the listed boutique developer of the Po family, would soon issue P3 billion of ASEAN Green Bonds.

This is part of the overall P6 billion bonds regulated by the Securities and Exchange Commission Registry Scheme. Bonds will be distributed for a span of three years.

Local debt watcher Philippine Rating Services Corp. upgraded the Arthaland bond issue credit rating to PRS Aa from PRS Aa minus. PhilRatings has also given a stable forecast.

The so-called ASEAN Green Bonds conform with the ASEAN Green Bonds requirements, which mandate proceeds to be used solely for the funding of qualifying green initiatives, including approved green buildings.

Arthaland’s completed and pending initiatives are at least dual accredited with the Philippine Green Building Council (PHILGBC) Building for Ecologically Responsive Architecture Excellence (BERDE) and the US Green Building Council (USGBC) Leadership in Energy and Environmental Design (LEED).

One of its office ventures, the Arthaland Century Pacific Tower (ACPT) in Bonifacio Global Area, is the only triple-certified green building in the Philippines and the fifth in the world to gain EDGE Zero Carbon Certification under the International Finance Corp (IFC).

According to PhilRatings, the PRS Aa-rated commitments are of good standard and are subject to very low credit risk.

Another land company, the Century Property Community of the Antonio family, is also providing up to P3 billion of unsecured fixed-rate peso-denominated retail bonds.

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