Quantcast

HSBC named “Best Debt House” in PH

By |



MANILA, Philippines–British bank Hongkong and Shanghai Banking Corp. Ltd. was named “Best Debt House in the Philippines 2012” by Hong Kong-based financial magazine The Asset, winning this citation for the fifth consecutive year.

HSBC has been winning the award from this magazine as best arranger of debt deals in the Philippines since 2008 which the bank said was a “testament to the number of landmark transactions it has executed throughout the years.”

The foreign bank has pioneered some of the largest corporate transactions in the Philippines, including San Miguel Brewery’s P38.8-billion retail bond issue and San Miguel Corp.’s P80-billion preferred shares issue, the largest capital market transaction in the country so far.

HSBC also arranged a number of successful deals for the Philippines, launching its first Global Peso Note, and all of its three liability management exercises. These exercises have tempered foreign exchange risk for the country and pared down interest expense. The Philippines’ most recent P30.8-billion 10-year GPN and $1.2 billion tender offer also won Euromoney’s “Deals of the Year 2012.”

Last January, HSBC executed ICTSI’s $300-million 10-year offshore bonds, JG Summit’s $750-million 10-year offshore bonds and Petron Corp.’s $500-million perpetual bond issue.

HSBC Philippines president/CEO Wick Veloso and treasurer/head of global markets Dondi Baltazar received the award in Hong Kong last Jan. 24.


Follow Us






Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

  • http://twitter.com/BenedictDCLXVI Joseph Ratzinger

    HSBC and Citibank are the reasons why I’m resigning. And sick and tired of their debt collection department, they’re so rude! How can they do this to me, a humble man of advanced age?

  • Nald_Ap

    What do you expect.  Of course HSBC would have access to our capital/debt markets with the wife of Cesar Purisima as the HSBC Phils’ head for the debt capital markets.  She was also promoted to HSBC Phil’s Global Banking Head, in recognition of her “efforts” to expand and corner the Phil debt issuances.  Under Ms. Purisma’s term, HSBC cornered majority of the debt auctions by the Philippines under the supervision of her husband.  Ms. Purisma was a lowly associate at SGV when she met, then SGV Chairman Cesar Purisma.  The two later married and  then she transferred to HSBC at the same time as Cesar Purisima transferred to the DOF for the second time (under Pnoy).

    • http://pulse.yahoo.com/_JEMNLLYAP5EA7SM3A6QUOGV62Q Chris

      conspiracy theories.. and so on and so forth.

  • http://www.businessinsider.com/the-art-of-war-sun-tzu-2011-5?op=1 Sun Tzu

    Akala ko best kupal credit card bank in PH. you know what I mean if  you own a HSBC credit card

  • http://pulse.yahoo.com/_KELBC2K3ZHQWVW7ZCFKZUDDSEU Marlon

    HSBC is also the BEST MONEY LAUNDERING BANK of the world.

    Last year, it paid the US government $1.9 Billion to settle charges that it laundered the money of Mexican drug syndicates.

    mga bankers talaga, basta pera ang paguusapan, walang moralidad.

  • http://pulse.yahoo.com/_SGC2JDPC5ZP4LM22LLX4KTLPVA red

    Best ba, They just close Filinvest branch in Alabang and realier BF home Paranaque branch



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement
Marketplace