Metro Pacific Tollways Corp. (MPTC) — the foremost toll road operator in the Philippines — along with Japan-based banking powerhouse Mizuho Bank, has been honored by The Asian Banker with the accolade for Best Corporate Trade Finance Deal in the Asia Pacific for their effective implementation of a significant cross-border acquisition of a share in Indonesia’s Trans-Java Toll Road in November 2024.
To finalize the agreement, MPTC collaborated with Mizuho Bank to navigate the complexities of a multi-jurisdictional trade finance setup. A vital requirement for the transaction was the issuance of a Standby Letter of Credit (SBLC) — which needed to adhere to stringent regulatory stipulations in both the Philippines and Indonesia.
Both entities displayed their proficiency in managing cross-border compliance, ensuring the deal’s successful and prompt execution. They also handled the legal and operational intricacies of the transaction — encompassing bilingual documentation and varied SBLC systems adhering to strict deadlines.
This underscores MPTC’s initiative to broaden its regional presence and reinforce its dedication to enhancing mobility infrastructure throughout Southeast Asia.
“This acknowledgment from The Asian Banker signifies MPTC’s expanding ability to carry out inter-regional strategic investments,” stated Emlyn Amaya-Apostol, AVP for Corporate Finance and Treasury of MPTC. “We are privileged to partake in a transaction that establishes a standard in corporate trade finance and infrastructure investment in Southeast Asia.”
This achievement solidifies MPTC’s position as a dependable collaborator in developing essential infrastructure in the region. By partnering with Mizuho, MPTC illustrates its capacity to offer world-class infrastructure solutions in an era where seamless and sustainable mobility is increasingly crucial.
Spotlight is BusinessWorld’s sponsored segment that enables advertisers to boost their brand and engage with BusinessWorld’s audience by sharing their narratives on the BusinessWorld website. For further details, please send an email to online@bworldonline.com.
Connect with us on Viber at https://bit.ly/3hv6bLA to receive more updates and subscribe to BusinessWorld’s publications for exclusive content through www.bworld-x.com.