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China Bank, China Bank Capital scoop top honors at the 17th PDS Annual Awards

Monday, March 28, 2022

FMS team led by Segment Head Ollie Palanca (Standing, 6th from left)

China Bank and its investment banking arm China Bank Capital emerged among the top winners at the 17th PDS Annual Awards of the Philippine Dealing System Holdings Corp. and Subsidiaries (PDS) Group held virtually last March 25. 

China Bank won the Cesar E.A. Virata Award (Bank Category), the highest distinction that the PDS Group bestows on a partner bank, for its excellence in trading, distribution, settlement, origination, underwriting, and market making activities in the past year.  The prestigious award is named in honor of former Prime Minister Cesar Virata, a key proponent of the establishment of the fixed-income trading platform in the country now operated by the Philippine Dealing & Exchange Corp. 

China Bank Capital was named Top Corporate Issue Manager/Arranger (Investment House Category) for arranging the most number of listed corporate securities.  China Bank Capital led 13 out of the 16 corporate retail bonds that were issued in the local market, of which two were sole mandates, and participated in a wide range of transactions spanning sovereign issuances, bank bonds, and US Dollar securities.
The Bank was likewise recognized for its outstanding performance in several categories in 2021: Top Brokering Participant for Retail Transactions, Top 2 Fixed Income Dealing Participant, Top 3 Corporate Securities Market Maker, and Top 3 Fixed Income Brokering Participant. 

“We in the China Bank Group are grateful and honored to be recognized for our commitment to serving retail and institutional investors and deepening the domestic capital markets,” said China Bank President William C. Whang.

China Bank and China Bank Capital were also recently recognized at The Asset Triple A Sustainable Capital Markets Country and Regional Awards.  China Bank won the coveted title of Best Bank in the Philippines.  China Bank Capital won Best Bond Adviser-Domestic for the 6th year in a row and was also recognized for its role in six of the best deals in the country in 2021: Best New Bond  - D&L Industries P5 billion fixed rate retail bond, Best IPO - Monde Nissin P48.6 billion IPO, Best REIT - RL Commercial REIT P23.5 billion IPO, Best Green Bond (Corporate) – AC Energy Corporation US$400 million fixed-for-life green notes, Best Corporate Bond - Petron Corporation US$550 million senior perpetual capital securities, and Best Bond - Globe Telecom US$600 million resettable senior unsecured perpetual capital securities.

Held annually since 2006, the PDS Awards distinguish market players who exhibit stellar performance and continued pursuit in contributing to the growth and stability of the Philippine Financial Markets.

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