12 July 2024, Makati, Philippines — Maynilad Water Services, Inc. (Maynilad) made its maiden listing to the capital market for its PHP 15 billion Series A Blue Bonds Due 2029 and Series B Blue Bonds Due 2034.

PDS Group’s treasurer Ms. Stephanie Zulueta welcomed the new entrant on behalf of PDEx President and CEO, Mr. Antonino Nakpil. It is a double event for the organized market, as a first-time issuer lists the first-ever Blue Bond issuance. Zulueta added that the Philippines has been leading significantly, among its ASEAN +3 peers in having the most listed Green, Social and Sustainable bonds. “This is further highlighted by the high proportion of private sector issuances of these so-called GSSB’s by the Philippines while our neighbors have a lot of issuances from their governments or state-owned enterprises. Hooray for the private sector rolling along. Our corporate community has not failed to respond to the releases of the SEC of the Philippine version of various ASEAN guidelines.”

Maynilad President and CEO, Mr. Ramoncito Fernandez was pleased to share that the bond offering has met an overwhelming interest, stating that this issuance and listing can make a significant and lasting impact on the environment. “The positive environmental impact of these projects cannot be overstated. As we confront the challenges of water scarcity, climate change, and ever-increasing population, it is imperative that we invest in technologies and systems that enhance our capacity to manage water resources efficiently.”

This 11th admission for 2024 brings the year-to-date total of new listings to PHP 165.14 billion and the total outstanding amount to PHP 1.15 trillion issued by forty-two companies, comprised of 169 securities.