Singapore's Apeiron Energy Raises SGD 50 Million from ADB

Apeiron Bioenergy, a leading integrated global bioenergy player, raised S$50 million on June 23 through the historic issuance of a 5-year senior unsecured green bond guaranteed by the Asian Development Bank's Credit Guarantee & Investment Facility ("CGIF") and an ASEAN+3 initiative to develop local currency bond markets.

The funds will be utilised to fund capital expenditures and asset improvements for waste-based feedstock collection points and pre-treatment facilities such as used cooking oil ("UCO") in the Philippines, Thailand, and Vietnam. The remaining will be used to meet normal working capital needs. The company's dedication to integrating environmental, social, and governance concerns into its operations will be demonstrated via Apeiron's Green Finance Framework, which has been endorsed by Sustainalytics.

Chris Chen, Co-founder of Apeiron Bioenergy, said, "We are delighted by the overwhelming response to our green bond issuance supported by CGIF, which demonstrates strong investor confidence and our shared mission with the Asian Development Bank. This will allow Apeiron to expand our operations and maintain our position as a leader in the bioenergy sector. Building upon our operational and financial track record, we are fully committed to reducing reliance on fossil fuels and accelerating the growth of green energy."