China Bank wins awards for bond deals
China Bank and its investment house subsidiary, China Bank Capital Corp. (CBCC), bagged a total of seven awards from two highly regarded regional finance magazines, The Asset and Alpha Southeast Asia.
At the recent Asset 2017 Benchmark Research Awards, China Bank was recognized as one of the top banks, ranking second in the “Secondary Market in Asian Currency Bonds – Corporate Bonds (Philippines)” category.
At the recent Asset 2017 Triple A Country Awards in Hong Kong, CBCC was lauded as one of the top investment houses in the Philippines, winning the “Best Bond Adviser-Domestic” award and garnering triple accolades in the “Best Deals – Philippines” category.
CBCC was the sole structuring adviser, lead underwriter, and bookrunner for Ayala Land’s P4.3 billion short-dated notes issue. It won “Best Local Currency Bond” for providing a yield pick-up for money market funds, while at the same time tapping into a corporate credit space that was previously untapped.
The investment house was also one of the domestic lead managers for the first dollar-denominated security issued and listed in the Philippines, Ayala Corp.’s $400 million fixed for life bonds issue, named “Best Corporate Bond” and was the joint lead underwriter and bookrunner for the Del Monte Pacific $200 million preferred shares, cited as the “Best Follow-on” deal for setting the precedent in the country for fixed-for-life bonds.
Cristina Arceo, fixed income division head of China BankTreasury Group, ranked number one in the trading category among the “Best Local Currency Bond Individuals in Research, Sales and Trading.”