By James A. Loyola
BDO Unibank, Inc. has been named again the country’s Best Domestic Bank during The Asset Triple A Country Awards 2018.
MB FILE - BDO logo
(mb.com.ph)
This is the 8th time that the Bank received such recognition and its 6th straight win since first earning the prestigious award in 2013.
BDO won the award due to its strong financial performance; contribution to the domestic markets; capital raising; advisory; transaction banking performance; and Environment Social and Governance (ESG) initiatives; among others.
In addition to the Best Domestic Bank award, BDO, together with subsidiary BDO Private Bank, were recognized for their participation in the P73.5-billion syndicated loan that Bloomberry Resorts & Hotels, Inc. secured to refinance its obligations and fund investments.
This transaction is one of the largest corporate syndications ever arranged in the Philippine debt market.
Apart from the Bank, its investment banking arm, BDO Capital & Investment Corporation, also won multiple awards signifying its continued leadership in debt and equity transactions and financial advisory deals.
Among its major awards were Best Domestic Corporate and Institutional Adviser, Best Equity Adviser, and Best Loan Adviser.
BDO Capital was also cited for its role in various transactions including the US$690-million acquisition of the Clark Global City Corp. by Udenna Corp. (Best Acquisition Financing-mandated lead arranger, bookrunner, and issue manager), the P73.5-billion syndicated loan of Bloomberry Resorts & Hotels, Inc. (Best Syndicated Loan – lead arranger and sole bookrunner), and Ayala Land Inc.’s P10-billion retail bonds (Most innovative deal–lead underwriter and bookrunner).
Prior to its win at the Triple A Country Awards, BDO was given the Platinum Award at The Asset Corporate Awards 2018, which recognizes companies who champion environmental, social, and corporate governance (ESG) industry best practices.