Citicore Renewable Energy Corporation’s (“CREC”) Php5.3 billion initial public offering (“IPO”) was given the Best IPO Award in Southeast Asia at The Asset Triple A Sustainable Finance Awards, hosted by The Asset last 19 March 2025 in Hong Kong. The award recognizes the IPO’s success and the confidence of investors in CREC as a leader in the renewable energy industry in the region.
The winners, comprising of the best institutions and noteworthy deals in 2024, are selected by the board of editors of The Asset.
ACCRALAW acted as counsel to the underwriters of the IPO, namely, UBS AG, Singapore Branch (Sole Global Coordinator and Joint Bookrunner), BDO Capital & Investment Corporation (Domestic Lead Manager and Joint Bookrunner), CLSA Limited, PNB Capital and Investment Corporation, RCBC Capital Corporation, and SB Capital Investment Corporation (Co-Lead Underwriters), and Investment & Capital Corporation of the Philippines (Participating Underwriter). The team was led by Senior Partner Judy Hao and assisted by Senior Associates Celerina Rose D. Fajardo-Nacin and Roilan Rigil Kent A. Alonzo. Associates Christine Joy S. Escalante and Eric Leonardo L. Cembrano also worked on this project.
The Asset is a multi-media company that has hosted the Triple A Awards for more than two decades. It recognizes deals that have positively impacted the banking, finance, treasury, technology, investing, and the capital market industries in Asia.