PNB Group bag awards for project financing

MANILA, Philippines - The Philippine National Bank (PNB) and PNB Capital and Investment Corp. has bagged four awards from the recently concluded The Asset Triple A Asia Infrastructure Awards 2015 held at the Island Shangri-la Hong Kong. The PNB Group was recognized by The Asset for the following deals: Best Project Finance Deal of the Year, for the Metro Manila Skyway Stage 3 P31 billion project finance syndicated term loan facility; Best Transport Deal, Philippines, for the same Metro Manila Skyway Stage 3 project; Best Transport Deal – Highly Commended, Philippines, for the GMR Megawide Cebu Airport Corp. P23.3 billion financing facility; and Best Power Deal, Philippines, for the Pagbilao Energy Corp. P33.3 billion project financing facility. The awards obtained by the PNB Group is a testament to the bank’s commitment and dedication in offering competitive financing structures to clients while contributing to the development of the country.  The Asset Triple A Awards is Asia’s defining recognition for excellence in the industry. This reputation has been built upon the stringent methodology, combined with the rigorous approach to the selection of the winners of the coveted Triple A. The awards are adjudicated by The Asset’s Board of Editors.