6 months SEC issues social and sustainability bond guidelines MB |Biz
By James A. Loyola The Securities and Exchange Commission (SEC) has released its guidelines on the issuance of social and sustainability bonds in line with the standards of the Association of Southeast Asian Nations (ASEAN). This follows the successful adoption of the ASEAN Green Bonds Standards last August 2018. The Commission En Banc approved the “Guidelines on the Issuance of Social Bonds Under the Association of Southeast Asian Nations Social Bond Standards (ASEAN SBS)” and the “Guidelines on the Issuance of Sustainability Bonds Under the ASEAN Sustainability Bond Standards (ASEAN SUS)” through Memorandum Circular Nos. 8 and 9, Series ... more