Philippines pitches at least $500 mln green bond offer to European investors

Philippine Finance Secretary Carlos Dominguez gestures as he hearken to a questions throughout a “Dutertenomics” (President Rodrigo Duterte Financial) discussion board in a lodge in Pasay metropolis, metro Manila, Philippines April 18, 2017. REUTERS/Romeo Ranoco

MANILA, Feb 18 (Reuters) – Philippine Finance Secretary Carlos Dominguez has sought European traders’ help for the nation’s inaugural inexperienced bonds providing, price a minimum of $500 million, to lift funds for clear vitality tasks, his division stated on Friday.

Dominguez in a information launch stated the sale of those debt securities, often known as environmental, social and governance (ESG) sovereign bonds, will probably be performed “within the coming weeks”.

Reporting by Enrico Dela Cruz; Modifying by Martin Petty

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