MC No. 09 s.2019 Guidelines on the Issuance of Social Bonds Under the ASEAN Social Bonds Standards in the Philippines

The SEC MC No. 9, s. 2019 was released to adopt the ASEAN Social Bond Standards (SBS) developed by the ASEAN Capital Markets Forum (ACMF). In recognition of the importance of alternative finance in supporting sustainable development in ASEAN and the increasing amount of global capital seeking green and sustainable investments, the ACMF developed the ASEAN SBS to complement the ASEAN Green Bond Standards. The ASEAN SBS was developed based on the International Capital Markets Association's (ICMA) Social Bond Principles and intended to enhance transparency, consistency, and uniformity of ASEAN Social Bonds which will also contribute to the development of a new asset class, reduce due diligence costs, and help investors to make informed investment decisions.