Apeiron Bioenergy, a bioenergy company headquartered in Singapore, has raised 50 million Singapore dollars ($36.9 million) through the issuance of a 5-year senior unsecured green bond. The bond is guaranteed by Credit Guarantee & Investment Facility (CGIF), a trust fund of the Asian Development Bank, and supports the development of local currency bond markets under the ASEAN+3 initiative. Rated AA by S&P Global Ratings, the green bond was issued at par with a coupon rate of 4.487 percent and HSBC served as the sole lead manager.
Founded in 2007, Apeiron Bioenergy operates refineries and collection points across 10 countries, covering the entire bioenergy product range. The funds raised will be utilized for capital expenditure and asset improvement, focusing on collection points and pre-treatment facilities for waste-based feedstocks like used cooking oil in the Philippines, Thailand, and Vietnam, with the remainder allocated to general working capital requirements.