Standard Chartered Bank (SCB) Philippines won three awards for Best Deals at The Asset Country Awards for Sustainable Finance 2022: Best Sustainability Bond — Sovereign, Best Sustainability Bond — Financial Institution, and Best Local Currency Bond.
This recognition affirms SCB’s leadership in bringing innovation to Philippine issuers consistent with the bank’s focus on sustainable finance and digital acceleration.
SCB Philippines won the Best Sustainability Bond — Sovereign award for the Republic of the Philippines (RoP) $1 billion sustainability notes where SCB acted as Joint Lead Manager, Joint Bookrunner, and Sustainability Structuring Bank for this transaction.
This is RoP’s inaugural sustainability bond offering and part of the three-tranche fund raising by the sovereign totalling $2.25 billion. The 25-year sustainability tranche garnered a strong investor demand that enabled the RoP to upsize this tranche by $250 million despite an already robust 50bps compression from the initial price guidance.
