East West Banking Corporation is closing the year with major momentum, playing crucial roles in three of the country’s biggest and most talked-about capital-market transactions: Maynilad’s historic Initial Public Offering (IPO), SM Prime Holdings’ P17-billion retail bond issuance, and Ayala Land Inc.’s P15-billion Sustainability-Linked Bonds.
Together, these landmark deals underscore EastWest’s growing influence in both equity and debt markets and its commitment to supporting the country’s most trusted corporate issuers.
In one of the largest equity offerings in Philippine history, EastWest served as Domestic Participating Underwriter for the Maynilad Water Services IPO, which raised P34.3 billion from 2.28 billion shares priced at P15.00 each. The offer was more than twice oversubscribed, driven by strong demand from global institutional names such as IFC, ADB, MOBILIST (UK FCDO), abrdn Malaysia, and Maybank Asset Management Singapore.
EastWest helped widen domestic participation by tapping retail investors, emerging affluent clients, and those seeking long-term, dividend-driven exposure to a sector critical to national development.
EastWest also played a central role in SM Prime Holdings’ Php 17-billion peso retail bond issuance as Joint Lead Underwriter & Bookrunner. The offering drew robust demand and was quickly oversubscribed, with proceeds supporting SMPH’s expansive pipeline of malls, residential communities, and integrated estates across the country.
The transaction reinforced EastWest’s enduring partnership with one of the country’s most active and respected bond issuers.
Adding to its capital-market successes, EastWest acted as Joint Lead Underwriter & Bookrunner for Ayala Land Inc.’s Php 15-billion Sustainability-Linked Bonds—the largest single-tranche SLB in the peso market to date.
The issue was strongly oversubscribed, further advancing ALI’s sustainability-driven financing strategy. With KPIs tied to emissions reduction and zero-carbon building certification, the deal completed ALI’s 2025 debt program and brought its total sustainability-linked bond funding to Php 56 billion.
Across these three milestone transactions, EastWest showcased its execution strength, distribution depth, and growing relevance in the country’s evolving capital-market landscape. As more issuers tap both equity and debt markets, the Bank continues to champion broader investor participation and support the financing needs of institutions shaping the Philippine economy.