WINNING | Security Bank powers landmark infra financing push

July 17, 2026
7:36AM PHT

Insider Spotlight

  • Security Bank backs record-setting infrastructure financings across energy, water and transport
  • Terra Solar loan, the country's largest project financing, led the winning transactions
  • Nine regional finance awards highlight the bank's growing project finance franchise


Security Bank Corp. is strengthening its position in Philippine infrastructure financing after backing several of the country's biggest energy, water and transport transactions, including the record-breaking Terra Solar project that supports the country's renewable energy expansion.

The lender and its investment banking arm, Security Bank Capital Investment Corp., recently secured nine recognitions at The Asset Triple A Sustainable Infrastructure Finance Awards 2026, underscoring their role in structuring and financing major infrastructure projects across multiple sectors.

The recognitions covered transactions that advance clean energy generation, water security and transport connectivity, reflecting the group's growing participation in large-scale infrastructure financing, the company said in a release.

Security Bank Corp. and Security Bank Capital Investment Corp. received nine awards at The Asset Triple A Sustainable Infrastructure Finance Awards 2026 for landmark infrastructure financing deals across energy, water and transport. Seated from left are Security Bank's Yvonne Joanna P. Marcelo, EVP and corporate banking group head; Victor Lee, president and CEO; and Security Bank Capital president and CEO Virgilio Chua, together with members of the Security Bank and Security Bank Capital teams. | Contributed photo

Why it matters

 Infrastructure financing remains a key growth area for Philippine banks as public and private sectors accelerate investments in renewable energy, utilities and transport projects critical to long-term economic expansion.

Among the top honors were Asia-Pacific Deal of the Year and Project Finance Deal of the Year for the P150-billion Terra Solar Philippines Inc. term loan, where Security Bank served as lender while Security Bank Capital acted as co-arranger.

The financing supports the MTerra Solar Project, also known as the Meralco Terra Solar Project, which is expected to become the world's largest integrated solar and battery energy storage facility and expand the country's renewable energy capacity.

By the numbers

The group also earned Renewable Energy Deal of the Year – Hydro for the Olympia Violago Water & Power Inc. term loan covering a 600-megawatt pumped hydro facility in Rizal. 

Security Bank Capital also received a Highly Commended citation for the Ahunan Power Inc. project involving a planned 1,400MW pumped storage hydro facility.

Beyond energy, Security Bank Capital won Water Deal of the Year for serving as domestic co-lead underwriter of the P34.3-billion Maynilad Water Services Inc. initial public offering, regarded as Southeast Asia's first green equity issuance in the water sector.

The investment banking arm also received Transport Deal of the Year for acting as lead underwriter and bookrunner for the P20-billion Metro Pacific Tollways Corp. bond issuance, which will fund the development and maintenance of major toll road networks.

"These recognitions from The Asset reflect our continued focus on supporting corporate clients in financing projects that drive real impact," said Yvonne Joanna P. Marcelo, corporate banking group head at Security Bank. 

"Through our lending relationships, we enable investments in clean energy, water, and transport that strengthen essential infrastructure and support long-term growth," Marcelo added.

"Our ability to consistently execute complex transactions reflects both the discipline of our structuring approach and the trust our clients place in us," said Virgilio Chua, president and chief executive officer of Security Bank Capital. 

"By combining capital markets expertise with strong execution, we help bring critical infrastructure projects to market and support the country's energy transition." — Princess Daisy C. Ominga| Ed: Corrie S. Narisma

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