SyCipLaw shortlisted in IFLR Asia Awards 2017 Deals of the Year

February 14, 2017

Two of SyCip Salazar Hernandez & Gatmaitan’s transactions in 2016 are shortlisted in the IFLR Asia Awards 2017.

Shortlisted for debt & equity-linked deal of the year is the issuance by AP Renewables of a landmark climate bond (“Tiwi MakBan project bond”), where SyCipLaw acted as borrower’s counsel for AP Renewables, Incorporated (APRI), a unit of Philippine energy company Aboitiz Power. It is the first climate bond issued in the Asia-Pacific and the first ever climate bond for a single project in an emerging market. Read more information about this transaction.

The SyCipLaw team for this transaction was led by partners Marievic G. Ramos-Añonuevo and Melyjane G. Bertillo-Ancheta, with support from senior associates Jan Celine A. Abaño-Ranada and Bhong Paulo A. Macasaet, and associates Aldous Benjamin C. Camiso and Rose Angelique P. Dizon, among others. Other firms involved in the transaction are Freshfields Bruckhaus Deringer, Gibson Dunn & Crutcher, and Picazo Buyco Tan Fider & Santos.

The financing for the rehabilitation and extension of the PHP 65 billion LRT1 Cavite Extension Project is shortlisted for project finance deal of the year. SyCipLaw acted as counsel to the Light Rail Manila Corporation (LRMC) in this project. As part of the LRT1 project, LRMC, as concessionaire, will operate and maintain the existing LRT Line 1 and construct an 11.7-km. extension from the present end-point at Baclaran to the Niog area in Bacoor, Cavite, resulting in a total of eight new stations. Read more information about this transaction.

The SyCipLaw team for this transaction was composed of partners Rocky Alejandro L. Reyes and Arlene M. Maneja with support from senior associate Ma. Christina C. Ortua and associates Earla Kahlila Mikhaila C. Langit, Mark Xavier D. Oyales and Jaime Liz F. Yu. Other firms involved in the transaction are Abuda Asis & Associates, Nabarro, Pinsent Masons, and Shearman & Sterling.

The IFLR Asia Awards celebrate innovative legal teams and deals in the Asia-Pacific region. Visit the IFLR Asia Awards 2017 website for the full Deals of the Year shortlist. The awards ceremony will be held on March 2 at the Island Shangri-la in Hong Kong. The National Law Firms of the Year and Pro Bono Firm of the Year will be announced on awards night.