Security Bank and its investment banking arm, Security Bank Capital Investment Corporation, earned five awards at The Asset Triple A Sustainable Infrastructure Awards 2025 held at the Four Seasons Singapore on July 2, 2025, underscoring both organization’s roles in landmark deals that advance the Philippines’ infrastructure and clean energy goals.
Renewable Energy Deal of the Year – Solar: 3 Barracuda Energy
Security Bank and Security Bank Capital financed one of the largest solar power projects in the Philippines. Security Bank Capital was mandated as a Lead Arranger for the PHP18.2 billion Project Finance Loan for 3 Barracuda Energy Corporation (3BEC) with Security Bank Corporation as the largest lender and Security Bank Asset Management Trust Group as the Security Trustee. The Project Finance Loan will be used to develop and build a 550MW solar power plant in Pangasinan, which should produce enough clean energy to power over 800,000 homes and reduce 643,000 tons of greenhouse gas emissions every year.
While creating thousands of jobs and helping local communities, this project supports the Philippines’ shift to renewable energy and the Bank’s commitment to wind down coal-related exposures by 2033..
PPP Deal of the Year: NAIA redevelopment
Security Bank and Security Bank Capital played a key part in raising money to upgrade the Ninoy Aquino International Airport (NAIA)—the country’s main airport. Security Bank was one of the main lenders, and Security Bank Capital was a joint arranger for the PHP52 billion CAPEX loan for New NAIA Infra Corporation (NNIC). This loan will help modernize the airport’s buildings and systems so it can serve up to 62 million passengers a year.
This airport project, a partnership between the government and private companies led by San Miguel Holdings Corp., with technical support from Incheon International Airport Corp., is the biggest partnership project of its kind in the Philippines to date.
Green Project of the Year: EDC ASEAN Green Bonds
Security Bank Capital acted as Joint Lead Underwriter and Bookrunner for Energy Development Corporation’s (EDC) PHP10 billion green bonds—these are special bonds meant to fund eco-friendly projects. Security Bank Capital managed the bond sale, which was four times more popular than expected. The funds will go toward more geothermal, wind, and solar energy projects across the country.
“As we advance projects that pave the way for a greener and stronger Philippines, Security Bank’s mission extends far beyond financial services. We’re committed to backing progress that uplifts our communities and preserves our natural resources,” said Yvonne Marcelo, SVP and Corporate Banking Group Head at Security Bank.
“Our advocacy for sustainable finance is rooted in a desire to build lasting, positive impact,” said Virgilio Chua, President and CEO of Security Bank Capital. “Behind every project we fund is our aspiration for a thriving, inclusive, and sustainable nation. We take great pride in enabling projects that fuel economic development while protecting the environment for those who will come after us.”
These awards for The Asset reaffirm Security Bank and Security Bank Capital’s dedication to sustainable finance, highlighting their leadership in transformative projects that benefit the environment, the economy, and communities across the Philippines.
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