Apeiron Bioenergy, a Singapore integrated global player in bioenergy, raised S$50m through the issuance of a 5-year senior unsecured green bond guaranteed by Credit Guarantee & Investment Facility, a trust fund of the Asian Development Bank (“CGIF“), and an ASEAN+3 initiative to develop local currency bond markets.
Rated AA by S&P Global Ratings, the green bond was issued at par and bears a coupon rate of 4.487% with HSBC as the sole lead manager.
Founded in 2007, Apeiron Bioenergy is an integrated global player in bioenergy products, spanning from feedstocks to end- and by-products. The company operates refineries and collection points across 10 countries.
The proceeds will be applied towards capital expenditure and asset improvement for collection points and pre-treatment facilities of waste-based feedstocks like used cooking oil (“UCO“) in the Philippines, Thailand, and Vietnam. The remainder will be used for general working capital requirements.
FinSMEs
26/06/2023