23 February 2016, Makati, Philippines – Alpha Southeast Asia recently awarded Hedcor Bukidnon Inc.’s (HBI) Php10-billion project finance loan facility as Best Renewable Finance Deal of the Year during its 9th Annual Best Deal & Solution Awards 2015 held last February 2, 2016 in Kuala Lumpur, Malaysia. SB Capital Investment Corporation, the investment banking arm of Security Bank Corporation, was also awarded during the event as a joint lead arranger for the transaction. Proceeds from the loan facility will be utilized by HBI to partly finance the development and construction of its 68.8-megawatt run-of-river hydropower plant project in Manolo Fortich, Bukidnon. HBI is a 100%-owned subsidiary of Aboitiz Renewables, Inc. which serves as the investment vehicle of the Aboitiz Group for its renewable energy projects. Security Bank, a major lender of the transaction, continues to provide corporate financing to support energy projects that help countryside development for national progress.
Shown with the awards for the project are (from left) Gerald K. Abrogar, Director and First Vice President of SB Capital; Arazeli Malapad, Assistant Vice President for Finance of Hedcor, Inc.; and Clarice Uvas-Marucut, Assistant Vice President of Aboitiz Equity Ventures, Inc.