22/12/2020
ARTHALAND’s PHP3 billion Fixed-rate ASEAN Green Bonds Issue Credit Rating has been upgraded to PRS Aa from PRS Aa minus by the Philippine Rating Services Corp. According to PhilRatings, obligations rated PRS Aa are of high quality and are subject to very low credit risk. The ASEAN Green Bonds adhere to the ASEAN Green Bonds Standards which require proceeds to be used exclusively to fund eligible green projects, including certified green buildings.