The RCBC Group, through its Conglomerates & Strategic Corporates Segment and its full-service investment house, RCBC Capital Corp., seals partnerships to fund three major infrastructure and energy projects: the Light Rail Manila Corporation’s (LRMC) Light Rail Transit System (LRT 1) Public-Private Partnership Project, the GNPower Dinginin Ltd.’s (GNPD) 668MW supercritical coal-fired power plant, and just recently the acquisition financing for the Star Energy Consortium. Total debt requirement of the above projects is equivalent to P151B.
LRT 1’s Public-Private Partnership Project is aimed toward the decongestion of Metro Manila’s burgeoning population through the extension and restoration of the train line. From the existing station in Baclaran to Niyog, Cavite, the expansion will stretch for another 11.87 kilometers, adding a total of eight additional stations to the existing system. LRMC has also begun the rehabilitation of the existing train line by replacing tracks, upgrading escalators and elevators, and restoring the over-all structure of the existing station terminals.
Meanwhile, GNPD’s 668MW supercritical coal-fired power plant seeks to service Luzon’s rapidly escalating electricity needs for the coming years. Once completed, the project will be recognized for the plant’s reliable capacity to generate power to the Luzon grid while simultaneously lessening risks of power supply shortages. Its supercritical technology provides high efficiency with greatly reduced emissions.
The Star Energy Consortium was the winning bidder to the Geothermal assets of Chevron Corp in Indonesia. This project became the largest geothermal acquisition in the renewable energy industry to date.
All three projects are aligned with RCBC Conglomerates & Strategic Corporates Segment’s and RCBC Capital’s desire to provide quality banking solutions to its clients and partners, while simultaneously lending a hand to improving the region’s infrastructure and power industries.
For these efforts both RCBC and RCBC Capital received multiple recognitions for its joint participation in the success of the three projects, with RCBC Capital acting as Mandated Lead Arranger and RCBC acting as Lender.
The bank and its investment house received a grand total of 12 awards from 6 different award-giving bodies in both the Asia Pacific and Global arenas. For the LRT 1 project, RCBC and RCBC Capital were recognized for Best Project Finance Deal of the Year – 2016 by Alpha South-East Asia, an international institutional investment magazine. The two institutions were also lauded for Infra Deal of the Year – 2016 during the Project Finance International Awards. Both received the Asia Pacific Rail Deal recognition during the IJ Global Awards, and during the Asset Asian Awards, RCBC and RCBC Capital’s participation in the LRT 1 project garnered it Transport Deal of the Year, as well as the Philippine Transport Deal of the Year.
For the GNPD project, RCBC Capital was recognized for the Power Deal of the Year – Philippines during the Asset Asian Awards and Best Project Finance Deal – 2016 during the Investment House Association of the Philippines Awards.
As an investment house, RCBC Capital was lauded as one of the Top 5 Corporate Issue Managers/Arrangers of 2016 during the 12th Annual PDS Awards.
For the Star Energy Consortium Deal, RCBC and RCBC Capital were recently lauded during the IJ Global 2017 Awards for Asia Pacific M&A – Acquisition of Chevron’s Indonesian Geothermal Assets. During the PFI 2017 Asia Awards, both groups also won the Asia Pacific Renewables Deal of the Year. Also among their recognitions are Best M&A/Best Acquisition Financing Deal of the Year, during the Asset Asian Awards. Lastly, during the Alpha Southeast Asian Awards 2017, both groups won the Asia Pacific M&A and Acquisition Financing Deal of the Year.
ABOUT RCBC CAPITAL:
RCBC Capital is the full-service investment house subsidiary of RCBC (Rizal Commercial Banking Corporation) that provides a complete range of investment banking and financial services. The investment house has successfully acted as Issue Manager, Lead Arranger, Lead Underwriter and Bookrunner Manager or Co-Lead Manager for numerous fund-raising activities of Government entities as well as and privately and publicly listed owned companies in the Philippines.
The Rizal Commercial Banking Corporation (RCBC) is the financial flagship company of the Yuchengco Group of Companies (YGC). As one of the largest private universal banks in the country, RCBC is able to provide a wide scale of services through its thrift bank, investment bank, foreign exchange brokerage house, leasing company, and overseas remittance companies. For more information on RCBC, visit www.rcbc.com