Arthaland Corp. on Wednesday said it disbursed a total of P2.78 billion from the second tranche of its ASEAN Green Bond issuance for three of its projects due in 2025.
As of December 31, 2025, the company allocated P1.59 billion for Project Rock, P930.3 million for Project Vanilla, P50 million for Project Teal, and P225 million for the Earthland Century Pacific Tower (ACPT) loan and others, leaving a balance of P150 million for future disbursement.
After deducting related expenses, the net proceeds from the share offer were P2.95 billion, which will finance eligible green projects and repay outstanding loans, the developer said.
Approved by its board in October 2022, the second bond batch involves oversubscription by up to P600 million with a P2.4-billion base offer.
It is part of Arthaland's P6 billion ASEAN Green Bond program, the first green bond framework issued by a real estate company.
The first tranche issued in January 2020 had a P2-billion base offer with a P1-billion oversubscription option that was fully exercised.
Earthland's projects include Arya Residences, Earthland Century Pacific Tower, Seibu Exchange, Savina Financial Center, Savina Park, and Lucima.
Artaland shares were last traded at P0.415 on January 12. – Alexandria Grace C. Magno