China Bank Capital was named by The Asset as the Best Bond Adviser-Domestic for the seventh straight year at the Triple A Country Awards for Sustainability in Hong Kong on February 23, 2023. China Bank’s investment banking arm was also recognized for arranging the Best New Bond: Cebu Landmasters, Inc.’s (CLI) P5-billion fixed-rate bond, and the Best Transition Bond: SMC Global Power Holdings Corp.’s (SMCGP) P40-billion fixed-rate bond.
With its reliable structuring, adept execution, and wide investor and distribution network, China Bank Capital continues to be the top local bond house, contributing significantly in the development of the capital markets and to nation building.
"Along with our partners in these two transactions, we are grateful and honored for these awards which reflect our commitment to helping our clients achieve their fundraising goals and to strengthening the Philippine capital markets to boost the flow of money to corporate and public projects that benefit society,” said China Bank Capital President Ryan Martin L. Tapia.
China Bank Capital was issue manager, lead underwriter, and bookrunner for the bond issuances of CLI and SMCGP.
CLI’s maiden bond issuance armed the builder with P5 billion in fresh funds to expand in its core markets in the Visayas and Mindanao. Meanwhile, the P40-billion bond issuance of SMCGP was its largest fund raising in its history, and will help usher the company’s expansion to cleaner fuel sources through LNG and solar technologies as well as the development of battery energy storage systems. SMC’s power unit is on track with its plans to minimize the country’s dependence on coal, as part of its commitment to sustainability.
Apart from these awards from The Asset, China Bank Capital was also distinguished by the PDS Group as the Top Corporate Issue Arranger / Manager (Investment House Category), and by Alpha Southeast Asia for Raslag Corp.’s P805 million IPO, named as the Best Small-Cap Equity Deal of the Year.
The Asset is well-known for providing authoritative and unbiased coverage of Asia's financial industry to corporate leaders and decision-makers. Its Triple A Awards are the pre-eminent recognition for outstanding achievements in banking, finance, treasury, and capital markets.