Rizal Commercial Banking Corp. #42067
Created at
2020-02-10
Last update
2020-02-10
0 Parents (Involvements as child)
4 Children (Involvements as parent)
ID
Name
Alsons Power
Country of registration/origin
Philippines
Classification
Private company
Relationship
Beneficiary company
Investment type
Debt financing
ID
Name
Ninh Thuan Solar Company (BIM\AC Renewables)
Country of registration/origin
Vietnam
Classification
Private company
Relationship
Beneficiary company
Investment type
Debt financing
Comment
Rizal Commercial Banking (RCBC) provided non-recourse financing of $232m as debt for the project. BIM Group and AC Energy, the energy platform of Ayala, arranged the remaining funding using their existing equity.
ID
Name
RCBC Capital Corporation (RCBC Capital)
Country of registration/origin
Philippines
Classification
Investment Bank
Relationship
Subsidiary company
Parent relation
Subsidiary of parent company
Investment type
Shares/Equity
Ownership share
100.00 %
ID
Name
3 Barracuda Energy Corporation (3BEC)
Country of registration/origin
Philippines
Classification
Private company
Relationship
Beneficiary company
Investment type
Debt financing
Comment
The Bugallon Solar Power Project under 3BEC is financed partly through a P18.3-billion ($325 million) green loan facility with Security Bank Corp., Rizal Commercial Banking Corp. (RCBC) and Philippine National Bank (PNB) serving as lenders and hedging banks.
SB Capital Investment Corp., RCBC Capital Corp. and PNB Capital and Investment Corp. are the mandated lead arrangers, while RCBC is the green loan coordinator.
Source: Manila Standard Media Report