Market summary
The Energy & Utilities sector accounted for the majority of the deal volume for the month. ACEN was particularly active, taking out 3 loans – USD100m from Mitsubishi UFJ Financial Group, Inc (MUFG) Bank, USD195.5m from Asian Development Bank (ADB) and Bank of the Philippine Islands (BPI), and USD50.3m from HSBC.
Manila Water also announced multiple loan agreements. They signed a USD177.7m loan facility with Metropolitan Bank & Trust Company.
Aggregate Deal Value = USD1,248.6m
This month’s top deals
Energy & Utilities
Vivant unit seals PHP3.5 billion loan with BDO
VIVANT Energy Corp. signed a PHP3.5 billion term loan facility agreement with BDO Unibank, Inc., its parent firm said.
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Manila Water signs PHP10 billion loan for capital spending
ACEN unit signs USD100 million loan to finance international expansion
ACEN raises PHP11 billion from sustainability-linked credit facility
Greenergy eyes up to PHP5 billion loan
SPNEC takes full control of Terra Solar for PHP6 billion
Vivant unit taps Metrobank for up to PHP2.75 billion loan
Alternergy prepares up to PHP4 billion offering
ACEN unit signs green loan to expand RE in Australia
ACEN acquires two firms under Yoma Micro Power
Manila Water inks PHP7 billion deal with Landbank for expansion
Real estate
Vista Land raises PHP6 billion from bond issue
Vista Land & Lifescapes Inc. (Vista Land) has successfully raised PHP6 billion through the issuance of its fixed-rate peso denominated bonds. The bonds, issued yesterday, consist of Series F 2026 bonds with an interest rate of 7.5426 percent per annum and Series G 2028 bonds with an interest rate of 7.6886 percent per annum.
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D.M. Wenceslao takes majority stake in Bay Resources for PHP232 million
Industrials & Manufacturing
MPAV finalizes deal to own 34.76% stake in Axelum
METRO PACIFIC Agro Ventures (MPAV), a subsidiary of Metro Pacific Investments Corp. (MPIC), has finalized a deal to acquire a 34.76% stake in Axelum Resources Corp., a food manufacturing company that exports coconut products, with some payments contingent on achieving specific financial goals.
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Consumer and Retail
Cosco plans to acquire 60% stake in Catuiran Hydropower
RETAIL holding company Cosco Capital, Inc. has announced plans to acquire 60% of the outstanding shares in Catuiran Hydropower Corp., operator of the eight-megawatt hydroelectric plant in Naujan, Oriental Mindoro.
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Transportation & Logistics
AirAsia parent considers IPO of Philippine operations
AirAsia parent Capital A CAPI.KL said on Thursday it was exploring financing options for its Indonesian and Philippine operations, including a potential initial public offering (IPO) for AirAsia Philippines in the near term.
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Tollway operator inks PHP10 billion loan deal with BPI
Healthcare
Ayala unit invests in North Luzon-based pharma firm St. Joseph Drug
AYALA CORP., through its unit Ayala Healthcare Holdings, Inc. (AC Health), has acquired a minority stake in pharmaceutical company St. Joseph Drug, the listed company announced.
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Ayala unit invests in North Luzon-based pharma firm St. Joseph Drug
Note: Deal values only include disclosed completed deals with amounts restricted to local scene i.e. amounts related to the Philippine entity and/or business. Rumored, announced, or planned deals not included. Cross-posted deals are also adjusted to avoid double count.
*USD 1.00 = PHP56.27 as of 1/10/2024
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