SEC unwraps blue bond rules
Blue bonds refer to a subset of green bonds and sukuk, the proceeds of which will exclusively be used to finance or refinance new and/or existing eligible blue projects and activities
Photograph courtesy of SEC At the launch of the blue bond guidelines are (from left) Lloyd Cameron of the British Embassy in Manila; Romell Antonio Cuenca, assistant secretary and deputy executive director, Climate Change Commission; Scott Roberts, ADB Green Finance hub unit head, Southeast Asia; Federico Tancongco, chief compliance officer of BDO Unibank Inc.; Aileen Ruiz-Zarate, senior investment officer, International Finance Corp.; SEC chairperson Emilio Aquino and Commissioner Kelvin Lester Lee; Xiaoqin Fan, ADB. finance sector director; Jo Ann Bueno-Eala; John Erick Avelino of the Department of Environment and Natural Resources; and Katherine Thoday, principal environment specialist, ADB. At the back are (from left); Jason Mortimer, Nomura Asset Management, Japan; and Joaquin Alfonso Javier of the Bureau of the Treasury.