International Container Terminal Services, Inc.’s (ICTSI) US$450 million perpetual capital securities issue was recently recognized as the Philippines’ best corporate bond at the The Asset Triple A Country Awards 2015.
ICTSI issued last August the well-structured perpetual securities that were arranged by Citi, Credit Suisse and Standard Chartered. The issuance generated more than US$1.8 billion of demand from banks, institutional investors and private banking accounts.
Rafael D. Consing Jr., ICTSI Senior Vice President and Chief Financial Officer, accepted the award during the The Asset Triple A Country Awards 2015 dinner at the Harbour View Ballroom of the Four Seasons Hotel in Hong Kong last 12 January 2016.