Citicore Energy REIT to issue Green Bonds in 2023Citicore Energy REIT [CREIT 2.3 0.9%] [link] disclosed its 3-Year Plan, and in it, plans to issue Green Bonds with the proceeds going to acquire a rooftop solar project from its sponsor, and to purchase 475 hectares of land that it will lease to solar operators. CREIT reiterated its goal to expand its portfolio to 780 MW by the end of 2024, and specifically identified a slate of projects that CREIT could acquire from its sponsor to achieve that goal. Every REIT puts out a 3-year plan that says, in some way or another, that the REIT plans to acquire good projects when possible, but very few actually give any real information to back those pillow-talk statements up. --Merkado Barkada is a free daily newsletter on the PSE, investing and business in the Philippines. You can subscribe to the newsletter or follow on Twitter to receive the full daily updates.

Source: Philippine Star January 12, 2023 13:33 UTC