LANDBANK bagged the ‘Innovative Deal of the Year’ and ‘Corporate Client Initiative of the Year’ Award in the first digital award ceremony for Corporate and Investment Banking Awards held by Asian Banking and Finance (ABF).
ABF recognizes outstanding banks that have introduced innovative products and services that successfully adapted to the dynamic technological landscapes in the market. It also recognise banks with successful deals and innovative initiatives that made a positive impact to their clients. This is the first time that LANDBANK won these awards from ABF.
As the Innovative Deal of the Year, the Bank’s role as the Joint Lead Issue Manager in the maiden issuance of the Premyo Bonds Para sa Bayan was lauded. The National Government issued Premyo Bonds through the Bureau of the Treasury and sought to involve small investors in the capital market by providing a risk-free, and affordable investment. Investors also have a chance to win cash and non-cash rewards.
Meanwhile, the Bank received the Corporate Client Initiative of the Year Award for its role as the Sole Arranger and Underwriter for the National Home Mortgage Finance Corporation’s (NHMFC) P270.25 Million BALAI (Building Adequate Livable Affordable and Inclusive Filipino Communities) Bonds 1 Issuance. BALAI Bonds 1 is a Residential Mortgage-backed Security (RMBS) backed-up by low-cost and socialized housing loans to support the administration’s initiative to address the housing backlog of the country.
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