Philippines' Energy Development looks to issue $200 million bonds

By Marisa Wong

Madison, Wis., Dec. 17 - Energy Development Corp. said that it plans to issue at least $200 million of bonds.

Francis Giles Puno, a director of EDC and president and chief operating officer of parent company First Gen Corp., said that the bond issues will likely take place in the first quarter of 2011.

Proceeds will be used to fund the company's wind power projects in the northern part of Luzon.

Taguig City, Philippines-based EDC specializes in geothermal energy.

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