China Bank Capital won as the Best Bond Adviser in the Philippines at The Asset Triple A Country Awards 2020 for the fifth consecutive year—2016 to 2020.
The Asset also recognized China Bank Capital for two landmark bond transactions in the country: Development Bank of the Philippines (DBP) P18.25 billion Asean Sustainability Bond, awarded as Best Sustainability Bond – Financial Institution, and Jollibee Worldwide Private Limited $600 million perpetual capital securities, named as Best New Bond.
“These awards affirm China Bank Capital’s position as a top tier bond house and advisor in the Philippines, and motivate us to further strengthen our capabilities in structuring and executing innovative instruments that meet issuer objectives,” said China Bank Capital President Ryan Martin Tapia.
“This is also an acknowledgement of the support and contributions of the entire China Bank Group,which has allowed our team to make a mark in the local landscape.”
China Bank Capital was the lead arranger for the DBP Asean Sustainability Bond, the first bond program exclusively focused on sustainability to fund projects that contribute towards economic inclusion, climate change mitigation and adaptation, natural resource conservation, pollution control and prevention, and specific social issues. The deal was upsized from the initial amount of P5 billion.
For Jollibee’s debut deal in the international debt capital markets, one of the first by an Asian restaurant company, China Bank Capital acted as a domestic manager. It was the first time Jollibee accessed the capital markets since its initial public offering in 1993.
At the Asset Triple A Infrastructure Awards 2020 recently, China Bank Capital also bagged three awards for its involvement in landmark infrastructure projects in the Philippines, distinguished as the Renewable Energy Deal of the Year-Wind, Green Project of the Year, and Transport Deal of the Year in the country.