ACCRALAW acted as counsel to 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) in the initial public offering (“IPO”) of Citicore Renewable Energy Corporation (“CREC”). CREC raised PHP5.3 Billion from the sale of its primary shares and was listed on the Philippine Stock Exchange on 7 June 2024.
CREC is a leading pure-play renewable energy platform focused on and committed to the development and operation of solar, hydro, and wind projects in the Philippines.
ACCRALAW’s team was led by Senior Partner Judy Hao and assisted by Senior Associate Celerina Rose D. Fajardo-Nacin and Associates Roilan Rigil Kent A. Alonzo, Christine Joy S. Escalante, Ralph Christian P. Rosales, and Eric Leonardo L. Cembrano.