Standard Chartered Bank (SCB), the oldest international bank in the country, has been helping drive the development of the Philippine economy since 1872 by striving to be an enabler of growth by supporting liquidity, shoring up investor sentiment. As a long-standing partner of the Republic of the Philippines (RoP), SCB supports efforts to accelerate digital transformation and achieve long-term sustainable and inclusive economic growth.
The bank has been a staunch partner of the RoP in advancing its commitment to sustainable development and financial inclusion. SCB was among the banks mandated as joint lead managers and joint bookrunners for the Philippines’ maiden offering of $1-billion Islamic or sukuk bonds. Early this year, the bank supported the government’s $2-billion dual tranche global bond sale. Funds raised from the 25-year sustainability bonds will support the government’s refinancing programs and expenditures in line with the Republic’s sustainable finance framework, where SCB acted as a sustainability structuring bank.
The bank acts as the Republic’s sovereign credit rating adviser since 2010 and has assisted the government in achieving positive rating actions and upgrades, resulting in strong investment grade credit ratings by both S&P and Fitch, establishing the country as a strong investment destination to offshore investors.
Recently, SCB Philippines has been recognized by prestigious institutions and publications reflecting its leadership position in delivering innovative and bespoke banking solutions in response to changing market trends and client needs.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
