FinanceAsia, one of the region’s leading finance publications, recently recognized the Bank of the Philippine Islands (BPI) as one of the country’s leading investment banks.
The Bank–through its investment banking arm, BPI Capital Corporation–bagged the Best DCM (Debt Capital Market) House in the Philippines.
“The award affirms our leading position in the domestic debt capital market and is a testament to our ability to provide client-focused debt solutions with best execution. We continue to have a dominant track record in executing capital market transactions,” said BPI Capital COO and Director Francis Jardeleza.
Recognized as the Best DCM House, BPI Capital was able to sustain its dominant role in the debt capital markets by leading three maiden offers while increasing transactions done for the second consecutive year.
Among the highlights of BPI Capital’s key transactions in 2022 include acting as Joint Lead Underwriter (JLU) for Converge ICT Solution’s maiden bond offering. The proceeds of the offer were mainly used to fund capital expenditures involving plant equipment which include the expansion of its fiber network nationwide. Through BPI Capital’s efforts, the offer was 7.89x oversubscribed given the base issue size ofPHP5 billion.
BPI Capital also acted as Joint Issue Manager, JLU, and Joint Bookrunner to ACEN Corporation’s maiden Asean Green Bond with an issue size of P10 billion.
