MCIA Financing Receives Asia-Pacific Transport Deal of the Year Award

March 22, 2016

2015IFLR

The financing of the rehabilitation and development of the Mactan Cebu International Airport was recognized by Project Finance International (PFI) as the Asia-Pacific Transport Deal of the Year. The financing is composed of (1) Php20 billion (approx. US$446,773,200) commitment of a syndicate of Philippine banks and (2) US$75 million commitment of the Asian Development Bank (ADB). SyCipLaw acted as Philippine counsel to the Philippine syndicate banks (composed of BDO Unibank, Inc., Bank of the Philippine Islands, Development Bank of the Philippines, Land Bank of the Philippines, Metropolitan Bank & Trust Company, and Philippine National Bank) and ADB. Read more information on this transaction.

PFI is a leading source of global project finance intelligence. Winners of the annual PFI Awards are announced in December and celebrated at a dinner attended by project finance professionals every February. The 2015 PFI Awards Dinner was held on February 3 at The Hilton London. Visit the PFI Awards website for more information, including the full list of winners.

2015IFLR