BPI Capital clinches multiple awards from The Asset and FinanceAsia
for landmark transactions in energy, infrastructure, and debt capital markets
MAKATI CITY, Philippines–BPI Capital Corporation, the investment banking arm of Bank of the Philippine Islands, recently bagged multiple awards from The Asset and FinanceAsia, both respected regional business and finance publications.
In last month’s The Asset Triple A Asia Infrastructure Awards 2017, BPI Capital clinched five major awards: Renewable Energy Deal of the Year (Asia); Most Innovative Deal (Asia); Project Finance House of the Year (Philippines), Project Finance Deal of the Year (Philippines); and Most Innovative Deal (Philippines).
The Asset, Asia’s leading financial publication focusing on infrastructure and energy, noted BPI Capital’s major role in the groundbreaking AP Renewables Climate Bonds deal. BPI Capital served as the deal’s mandated lead arranger and bookrunner.
The P12.5-billion AP Renewables climate bond is the first climate bond in Asia-Pacific and the first ever climate bond for a single project in emerging markets as certified by Climate Bonds Initiative. It is also the first project finance bond ever issued in local currency in the power sector in the Philippines and the first credit-enhanced project bond in Southeast Asia, excluding Malaysia, since the 1997-1998 Asian financial crisis.
Furthermore, BPI Capital’s lead role in the syndication process of the Angat Hydropower Corporation facility was also cited by The Asset as the Renewable Energy Deal of the Year – Highly Commended. The bank also received the Power Deal of the Year – Highly Commended award for the Redondo Peninsula Energy project, which is the largest greenfield financing facility in 2016, involving the construction of a new 300 megawatt circulating fluidized coal-fired power plant and related facilities.
Meanwhile, in the FinanceAsia’s Country Awards 2017, BPI Capital brought home the Best Debt Capital Markets House in the Philippines award. FinanceAsia is a renowned financial publication based in Hong Kong.
“These wins serve as further recognition of the bank’s innovation in debt capital markets and project finance, and its important role in some of the country’s landmark transactions in spaces such as energy, which fuels the economy. This affirms our extensive experience in providing solutions-driven, innovative structured finance services and expert financial advice,” Reggie Cariaso, Senior Managing Director and Co-Head of Investment Banking Group, said.
BPI Capital President John-C Syquia said these awards inspire them even more to deliver greater value to clients. “The confidence in BPI Capital has fueled our desire to contribute further in nation building through various projects in energy and infrastructure during this critical developmental stage of the country towards inclusive growth.”
AP Renewables wins Renewable Energy Deal of the Year (Asia), Most Innovative Deal (Asia), Project Finance Deal of the Year (Philippines), Renewable Energy Deal of the Year (Philippines), and Most Innovative Deal (Philippines) From left: Gabriel Manalac of Aboitiz Equity Ventures, Inc., Clarice Marucut of Aboitiz Equity Ventures, Inc., Bonnie Banzon of BPI Capital, and Noritaka Akamatsu of Asian Development Bank.
ABOUT BANK OF THE PHILIPPINE ISLANDS
The 165-year-old Bank of the Philippine Islands is the first bank in the Philippines and Southeast Asia. We are a commercial bank with an expanded banking license. We provide diverse financial services that include deposit taking and cash management, asset management, securities brokerage, foreign exchange and capital markets investments, bancassurance, corporate lending, leasing, and investment banking. BPI has significant financial strength, with strong Tier 1 capital adequacy ratios and profitability, underpinned by a strong risk management regime. BPI is rated investment-grade by international credit ratings agencies.