Security Bank and Light Rail Manila Corporation Awarded ‘Best Project Finance Deal of the Year 2016’ and ‘Infrastructure Deal of the Year’

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From left to right: LRMC Head of Business Development Janet Bautista, Alpha Southeast Asia Magazine CEO & Publisher Siddiq Bazarwala, LRMC Head of Legal Department Philip Ranada, SB Capital Senior Director Joy Supan, LRMC President and CEO Rogelio Singson, SBC Corporate Banking Group First Vice President and Relationship Manager Yvonne Marcelo, LRMC Head of Corporate Communications Rochelle Gamboa and LRMC Analyst Kurt Patrick Yee

Alpha Southeast Asia awarded Light Rail Manila Corporation’s (the private operator of LRT-1) Php 24 billion (US$ 480 million) loan facility as the ‘Best Project Finance Deal of the Year’ during the 10th Annual Best Deal & Solution Awards 2016 held at Le Meridien Putrajaya, Malaysia last January 25. SB Capital Investment Corporation was one of the joint lead arrangers while Security Bank Corporation was one of the lenders for the project.

The multi-billion project was signed in February of 2016. Proceeds from the 15-year loan facility will be used to rehabilitate the LRT-1 system and partially fund the construction of the 11.7 kilometer LRT-1 project which will extend the LRT-1 train system to Niog in Bacoor, Cavite.

The Security Bank Group strives to be a partner for national development by providing long-term financing to projects that contribute to the country’s economic growth. The awards are not just validations of Security Bank’s BetterBanking brand promise, but also testaments to the Bank’s commitment to nation-building.

Alpha Southeast Asia is the first and only institutional investment magazine focused on Southeast Asia. The Annual Best Deal & Solution Awards program covers over 200 deals and solutions from brokerages, commercial and investment banks, and relevant institutions throughout the Southeast Asian region.

This transaction also received the ‘Infrastructure Deal of the Year’ Asia-Pacific award by Project Finance International (PFI) during the Project Finance International 2016 awards dinner held at The Hilton London on February 1.

Project Finance International (PFI) is the leading source of global project finance intelligence. PFI reports on the entire lifecycles of deals, from the initial rumours through to post-completion analysis. Project finance professionals around the globe rely on PFI’s deal analysis to identify opportunities and track their competitors.

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