HSBC Phils bags multiple awards

MANILA, Philippines - HSBC Philippines has received the “Best Debt House in the Philippines” award given by The Asset for 2009 in formal ceremonies held at The Four Seasons Hotel in Hong Kong last Jan. 13.

Transactions arranged by HSBC also bagged several other awards at the ceremony.

The Power Sector Assets and Liabilities Management Corp. (PSALM) won “Best New Bond” and “Best Issuer-Public Sector” from The Asset for its debut global bond issue last May 2009.

San Miguel Brewery Inc.’s P38.8 billion fixed rate bonds, issued last April 2009, also won “Best Local Currency Bond” and “Best Deal in the Philippines” while the Republic of the Philippines’ global bond issuance last January 2009 won “Best Sovereign Bond”.

The San Miguel Brewery, Inc. transaction received over P45 billion in orders across its three-year, five-year and 10-year tenors — making it the largest peso-denominated corporate bond issue in the history of Philippine capital markets. Veloso said: “San Miguel Brewery Inc.’s successful issuance showed the depth of domestic liquidity and the enthusiasm of retail investors for a household brand like San Miguel. This landmark transaction paved the way for more issuers to come to the capital markets and print in larger amounts. The markets have changed and we continue to see corporates issuing bonds in the P10 billion range.”

HSBC also bagged several other prestigious awards in 2009, including Best Global Debt House from Euromoney, Best Debt Arranger from Asiamoney and Best International Bond House from FinanceAsia. Others include “Best Domestic Currency Bond” from Asiamoney, “Emerging Asia Bond of the Year” from IFR, “Domestic Bond Deal of the Year” and “Philippine Capital Markets Deal of the Year” from IFR Asia, “Best Non-core Currency Deal” from Credit Magazine and “Best Debut Bond Deal of the Year in Southeast Asia” from Alpha Southeast Asia.