Security Bank Corporation’s investment arm, SB Capital Investment Corporation (SB Capital) has recently been awarded the Syndicated Loan of the Year and the Project Infrastructure Finance Deal of the year by the Asian Banking and Finance organization.
During the first virtual Asian Banking and Finance awards night, SB Capital was commended for its remarkable milestone projects, which resulted in effective and highly impactful projects for Filipinos.
The investment house’s initiative with HC Consumer Finance Philippines, Inc. (HCPH), which is part of the Home Credit Group, earned the Syndicated Loan of the Year award for the Philippines by providing affordable products to underserved borrowers.
For HCPH, the recognition manifests and reinforces the continued confidence of the local banking industry in the business model of the consumer finance company. Since its entry into the Philippine Market in 2013, HCPH and SB Capital have continuously worked together to reach more Filipinos.
SB Capital also earned the Project Infrastructure Finance Deal of the Year award for its project with PrimeWater Infrastructure Corporation (PrimeWater).
With the help of SB Capital, a stimulus was given to PrimeWater which allowed the water utility company to achieve its financing requirements that allowed for access to clean and potable water to underserved communities in the countryside before the lockdown measures were implemented.
“Financing the requirements of utility companies such as PrimeWater creates not only economic impact but also provides social impact to the communities it serves. It was a race to achieve this deal, especially with the looming water crisis in the Philippines and the pandemic. Despite these challenges, we were able to sign up with two new international lenders to finance this project,” says Virgilio Chua, SB Capital president
Security Bank, through its investment house, SB Capital has exhibited its expertise in both foreign and domestic markets and continues to strongly position itself as a powerhouse group thorough its extensive knowledge and experience, and strategic alliances with companies across different industries.
Security Bank Corporation – Corporate Banking Group acted as lenders to both HCPH and PrimeWater, while Security Bank Corporation – Trust and Asset Management Group participated as Facility Agent, Registrar and Paying Agent and Collateral Agent in the PrimeWater transaction.
Over a hundred banks from thirty countries globally were recognized during the award-giving ceremony.
To learn more about Security Bank’s offerings and how Security Bank Capital Investment Corporation’s high-quality strategic advice and financing solutions can help your business, you may visit https://www.securitybank.com/sb-capital/