BPI Capital wins big at The Asset Triple A Sustainable Finance Awards 2026

Thursday, April 23, 2026

Lester Ong, President of BPI Capital, receives the recognition at The Asset Triple A Sustainable Finance Awards 2026.

The Bank of the Philippine Islands (BPI), through its investment banking arm, BPI Capital Corporation (BPI Capital), continues to solidify its leadership in investment banking and sustainable finance after earning multiple recognitions at The Asset Triple A Sustainable Finance Awards 2026.

The Asset Triple A Awards is a prestigious annual program recognizing excellence in banking, finance, and capital markets across Asia-Pacific and the Middle East, highlighting institutions and deals that lead in sustainability, innovation, and digital experience.

Among its key wins, BPI Capital was named “Best Equity Adviser” in the Philippines and was recognized for several landmark transactions that are shaping the country’s capital markets.

BPI Capital, as Joint Global Coordinator and Joint Bookrunner, played a key role in Maynilad Water Services, Inc.’s Php 34.3 billion initial public offering (IPO), which was named “Best IPO”. It was the only Philippine bank in this role for what became the country’s second-largest IPO and the first with a Green Equity Label, drawing strong institutional and retail demand despite challenging market conditions.

The firm also led Cebu Landmasters, Inc.’s sustainability-linked issuances as Sole Issue Manager, and Sole Arranger and Bookrunner for the follow-on notes. Recognized as “Best ASEAN Sustainability-Linked Bond”, this marked the Philippines’ first sustainability-linked instruments tied to a social goal. The program aims to deliver 16,000 new homes by 2029, helping address the country’s housing backlog and promote inclusive growth.

For Ayala Land, Inc., BPI Capital acted as Lead Underwriter and Bookrunner for its Php 15 billion Sustainability-Linked Bond, which was awarded “Best Sustainability-Linked Bond”. The transaction links financing to environmental targets such as emissions reduction and green building standards.

BPI Capital also served as Issue Manager, Lead Underwriter, and Bookrunner for Filinvest Development Corporation’s Php 8 billion perpetual preferred shares, which was recognized as “Best Preferred Shares”, highlighting its strength in structuring innovative capital instruments.

“BPI Capital remains committed to enabling our clients to achieve their growth ambitions while contributing to nation-building,” said Lester Ong, President of BPI Capital. “We remain optimistic about the Philippines’ growth trajectory and are proud to support our clients as they take part in this journey. As markets continue to evolve, we will keep strengthening our capabilities and delivering innovative and sustainable solutions that create long-term value for our clients and the communities we serve.”

With a forward-looking strategy and deep market expertise, BPI Capital continues to play a role in shaping the future of investment banking in the Philippines, reinforcing its position as a trusted partner in capital raising and sustainable finance.