Philippines gets novel lending support for renewables Manila (UPI) Feb 29, 2016 - The Asian Development Bank announced it issued its first-ever bond initiative to help back geothermal energy in the emerging Philippines market. The ADB helped establish a local-currency bond valued at $225 million, on top of a direct loan of $37.7 million, to help support regional development of geothermal energy facilities. The bank, which has headquarters in Manila, last year ... more

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