In photo are Metrobank executives: (middle) Mylene A. Caparas, Executive Vice President and Head of Institutional Banking Sector; Christopher Reyes, Head Commercial Banking-MM; Commercial Banking Team who worked on the deal (extreme left) Jad Yap, (2nd from left) Jacylin Dizon, (2nd from right) Mikee De Leon, and (extreme right) John Tan.
The Asset, a financial publishing and research institution, has awarded Metropolitan Bank & Trust Co. (Metrobank) the Best Multi-product Financing Deal and the Best Syndicated Loan Deal at its recent Triple-A Awards.
Metrobank was given the Best Multi-product Financing Deal in the Philippines as an Arranger for Cebu Air, Inc.’s USD 840 million capital raising and liabilities re-profiling. The deal supported the company’s funding strategy of optimizing its capital structure while implementing its business transformation plan.
For the Best Syndicated Loan award, Metrobank was one of the Mandated Lead Arrangers for the Wilmar International USD 1.5 billion loan facility. The loan enabled Wilmar, a holding company involved in agriculture and food processing, to increase the facility amount from the original size of USD 840 million. It became one of the largest US dollar syndicated loans in Singapore in 2021.
“We acknowledge the challenges faced by many businesses across industries during these uncertain times. As one of the catalysts for economic progress, financial institutions like Metrobank remain committed to being the best partner for our clients, as we aid them in their business strategies and growth initiatives,” said Mary Mylene Caparas, Metrobank Executive Vice President and Head of Institutional Banking Sector.
To know more about Metrobank, please visit https://www.metrobank.com.ph/.
Metrobank is one of the strongest and well-capitalized banks in the country. The Bank believes that its robust capital position and balance sheet strength will provide ample support as it navigates through these uncertain times. Capital ratios are among the highest in the industry, with total CAR at 20.1% and Common Equity Tier 1 (CET1) ratio at 19.3%. Consolidated assets stood at P2.5 trillion at the end of December 2021, making Metrobank the country's second largest private universal bank.