(Contributed by: CBG)
The Bank’s Corporate Banking Group (CBG) continues to make an impression in the investment banking and debt syndication market, with the recent recognition by the Investment House Association of the Philippines (IHAP) in ceremonies held at The Fairmont Makati.
UnionBank was recognized with “Best Project Finance Deal” and “Best Deal of the Year” awards by the IHAP for its significant contribution to the structuring and execution of the project finance debt as Mandated Lead Arranger for the PhP 24 billion MPCALA Holdings, Inc. syndicated loan and as Arranger for the PhP 19 billion Cebu Cordova Link Expressway Corp. syndicated loan, further validating its capabilities and stature among the investment houses.
This recognition opens up opportunities for CBG, in tandem with investment houses, to tap emerging, new-to-bank corporate names as customers via corporate finance and debt deals, while also gaining mileage with existing conglomerate relationships.
Now on its fourth year, the IHAP awards aim to recognize the achievements of the top performing investment houses and noteworthy investment transactions in the country. This year, a total of 48 nominations across different categories were voted and nominated by all IHAP members and underwent a stringent judging process by a panel of judges made up of representatives from the Fund Managers Association of the Philippines (FMAP), Philippine Dealing System Holdings Corp (PDS), Financial Executives of the Philippines (FINEX), Shareholders Association of the Philippines (SHARE PHIL), Philippine Stock Exchange, Inc. (PSE), and the CFA Association of the Philippines.
The IHAP is a non-profit, non-stock organization composed of top investment houses, banks, accounting, and law firms in the Philippines, whose primary objective is to enhance the contribution of the investment houses to the growth of the Philippine economy particularly the development of the capital market.