China Bank and its investment house subsidiary, China Bank Capital Corporation (CBCC) bagged a total of seven awards from two highly regarded regional finance magazines, The Asset and Alpha Southeast Asia.
At the recent Asset 2017 Benchmark Research Awards in Singapore, the Bank was recognized as one of the top banks, ranking second in the “Secondary Market in Asian Currency Bonds - Corporate Bonds (Philippines)" category.
Meanwhile, Cristina Arceo, right, Fixed Income Division Head of China BankTreasury Group, ranked number one in the Trading category among the “Best Local Currency Bond Individuals in Research, Sales and Trading”. Arceo has been a consistent awardee in the Benchmark Research Awards since 2012. She is also currently the President of the Chartered Financial Analysts Society Philippines (CFA).
In determining the winners, The Asset surveyed over 300 fixed income investors across 11 Asian markets.
At the recent Asset 2017 Triple A Country Awards in Hong Kong, CBCC was lauded as one of the top investment houses in the Philippines, winning the "Best Bond Adviser-Domestic" award and garnering triple accolades in the “Best Deals - Philippines” category. CBCC Director Michael Chong, left, received the awards.
CBCC was the sole structuring adviser, lead underwriter, and bookrunner for the Ayala Land PhP4.3 billion short-dated notes issue. It won "Best Local Currency Bond" for providing a yield pick-up for money market funds, while at the same time, tapping into a corporate credit space that was previously untapped.
The investment house was also one of the domestic lead managers for the first US dollar-denominated security issued and listed in the Philippines, the Ayala Corporation US$400 million fixed for life bonds issue, named "Best Corporate Bond"; and was the joint lead underwriter and bookrunner for the Del Monte Pacific US$200 million preferred shares, cited as the “Best Follow-on” deal for setting the precedent in the country for fixed-for-life bonds.
The Asset's Triple A recognition represents the industry's most prestigious awards for banking, finance, treasury and the capital markets. At the Alpha Southeast Asia 11th Annual Best Deal & Solution Awards next month in Malaysia, CBCC will receive the "Best Bond Deal for Retail Investors in Southeast Asia" award for the Republic of the Philippines, Bureau of Treasury's (BTr) PhP181 billion retail treasury bonds. CBCC was a joint issue manager for the BTr’s 20th RTB offer.
Alpha Southeast Asia selected its winners following an intensive review of over 60 bank submissions covering over 200 deals/solutions from brokerages, commercial and investment banks and relevant institutions throughout the Southeast Asian region.
“We are honored to be recognized for our investment banking capabilities, which come from deep local market knowledge and long-term relationships. And we are grateful to our clients for their continued trust and confidence in China Bank,” said China Bank President William C. Whang.
China Bank and CBCC had won multiple accolades from previous Triple A Awards, including Best Power Deal, Most Innovative Deal in the Philippines, Best Local Currency Bond, and Best Deal in the Philippines.
The Asset is one of Asia’s leading issuer and investor-focused financial monthly publications. It has almost 20 years of experience conducting awards programs to distinguish the best-in-class organizations and individuals.
Alpha Southeast Asia is a monthly magazine primarily written for institutional investors, asset and fund management companies in Hong Kong, Singapore, other parts of Asia, US, Europe and the Middle East.