SB Capital Investment Corporation (SB Capital), incorporated on March 10, 1995,
is currently one of the most stable, wellcapitalized and active investment houses
in the Philippines. It provides a wide range of investment banking and advisory
services aimed at addressing the diverse financial needs of institutions. These services
include equity underwriting, project finance advisory, private placements, debt underwriting
and syndication, financial advisory, mergers and acquisitions (M&A) advisory, investment
and corporate advisory services, and stock brokering services through its wholly-owned
stockbrokerage subsidiary, SB Equities, Inc. (SB Equities).
SB Capital’s engagements have strengthened its strategic alliances with leading
local and international financial institutions, carving out a niche for the company
in major growth sectors such as power, energy, healthcare, property, manufacturing,
microfinance and services.
In 2007,one of the deals it participated in, the US$380 million financing for the
privatization of the Magat hydro powerplant, bagged four (4) prestigious awards
given by international finance magazines that conduct research, provide global news,
features, key trends, and analysis on the latest project finance deals and developments
around the world. SB Capital was also involved in the successful fund raising exercises
for two major big-ticket project finance deals in 2008, namely: the US$385 million
and US$325 million syndicated project finance loans for Masinloc Power Partners,
Inc. and SN Aboitiz Power Benguet (SNAPB), respectively. In 2009, SB Capital issue-managed
and arranged St. Luke’s Medical Center (Global City), Inc.’s Php3 billion syndicated
term loan facility, the premiere and leading Philippine hospital’s first foray into
the long- term debt capital market which was overwhelmingly participated by a consortia
of local banks. SB Capital also jointly managed the Gokongwei group’s (Robinsons
Land Corporation and JG Summit Holdings, Inc.) initial foray in the corporate bond
market by successfully raising Php19 billion from bond investors for the group.
SB Capital was also responsible for arranging the Php500 million corporate notes
issue for the country’s leading microfinance institution, Center for Agriculture
and Rural Development, Inc. (CARD), which is considered a pioneering landmark transaction
in the Philippines and the Southeast Asian region. SB Capital continued to participate
in various investment banking transactions covering both debt and equity deals in
2010, SB Capital successfully lead-managed some of Aboitiz Group’s capital raising
activities during the year which included: Php2 billion notes issue of Aboitiz Transport
System Corporation, Php1 billion maiden notes offer of AboitzLand, Inc. and the
Php800 million corporate notes issuance of Cebu Private Power Corporation. SB Capital
also jointly arranged RFM Corporation’s Php1.5 billion notes offer which was the
company’s first capital market exercise. In terms of completed equity transactions,
SB Capital was one of the joint domestic lead underwriters for Nickel Asia Corporation’s
Php4.56 billion initial public offering (IPO), considered to be among the best performing
equity deals for 2010. SB Capital likewise participated in Cebu Air, Inc.’s Php23.3
billion IPO which was regarded as the largest public offering in the Philippines
to date.
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