ICCP – ICCP Group

2nd Quarter 2023

SEC roadshow on capital formation for MSMEs and Start-ups

22nd April 20235th September 2023
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ICCP highlighted the role and importance of investment banks as issue managers and underwriters during the SEC Roadshow on Capital Formation for MSMEs and Start-Ups, an initiative of the Securities & Exchange Commission (SEC) organized and designed to educate MSMEs and startups about legitimate capital raising avenues.

The photo above captures ICCP President & CEO Valentino S. Bagatsing during his presentation entitled “The Issue Manager and Underwriter: Your Partner in your IPO Journey” at the Cebu leg of the roadshow. The event also showcased reports from both the SEC and the Philippine Stock Exchange on the regulatory environment for capital raising.

ICCP Managing Director Manny Ocampo (center) at the CDO leg of the SEC roadshow last April 14, 2023. He is joined by ICCP Senior Associate Nico Veridiano and Pueblo de Oro AVP Mylin Batchanicha.

2nd Quarter 2023

ICCP successfully leads pioneer renewable energy company to IPO

16th April 20235th September 2023
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Investment & Capital Corporation of the Philipppines (ICCP) led the successful initial public offering (IPO) of pioneer renewable energy company Alternergy Holdings Corporation last March 24, 2023. ICCP was the sole issue coordinator, joint issue manager and lead underwriter for the P1.61-billion IPO.

ICCP sees more local companies tapping the capital markets to finance ‘green’ operations and their ESG programs. According to ICCP President and Chief Executive Officer Valentino S. Bagatsing, “Regionally, there is a desire for banks and funds to support projects that are ESG responsive and slowly a premium on these kinds of projects is emerging as the correlation between
sustainable governance and risk mitigation becomes evident.”

ICCP has had its share of ESG-related transactions. Before the Alternergy IPO, ICCP was also a participating underwriter in the P6.4-billion IPO of Citicore Energy REIT (C-REIT), the country’s first energy REIT. It was also the sole underwriter of low-cost housing developer Haus Talk, Inc. for its P750-million listing at the Philippine Stock Exchange’s Small, Medium and Emerging Board.

1st Quarter 2023

ICCP cited by The Asset for role in the…

1st March 20235th September 2023
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Investment & Capital Corporation of the Philippines (ICCP) was cited during the recent The Asset Triple A Country Awards for Sustainable Finance 2022 for its participation as bookrunner in the P6.4-billion initial public offering (IPO) of Citicore Energy REIT Corporation (CREIT). The offering was recognized as the Best IPO in the Philippines during the awards.

According to The Asset, CREIT “is the first renewable energy-focused real estate investment trust (REIT) in the Philippines and the first non-real estate company to list via REIT in the Philippine Stock Exchange (PSE). As such, it was structured differently from other local REITs as all deposited properties are leased out to renewable energy generators.”

“We are happy to be part of this pioneering deal which supports the growth of renewable energy with its unique structure in support of climate finance,” said ICCP President & CEO Valentino S. Bagatsing. ICCP believes that the capital markets remain a viable option to raise long term funds for the expansion of businesses and in institutionalizing ESG initiatives.

The Asset‘s annual Triple A award is the most prestigious award in the industry for banking, finance, treasury, and capital markets. In addition to the key transactions, The Asset is recognizing a number of regional issuers and advisers for their roles in leading landmark deals and advancing the ESG conversation.

ICCP cited by The Asset for role in the Best IPO of 2022

1st Quarter 2022

ICCP sustains increased market presence in renewable energy offering

15th May 202215th May 2022
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Maximizing opportunities from growing demand in energy and the global focus on sustainable energy sources, Investment & Capital Corporation of the Philippines continues to strengthen its market presence in the renewable energy industry through its participation as underwriter in two major offerings – the Solar Philippines Nueva Ecija (SPNEC) IPO last December 17, 2021 and in Citicore Energy Corp REIT (CREIT) IPO which took place last February 22, 2022.

SPNEC, the first company under the PSE Supplemental Listing and Disclosure Requirements for Renewable Energy offered 2.7 billion shares at the price of P1.00 per share. The proceeds of the IPO are to be used to complete the first 50 MW of the project and acquire land to expand the project beyond 500 MW, in support of SPNEC’s plan to develop the largest solar project in Southeast Asia.

Creating a new class of real estate investment trust (REIT) company in the Philippines, CREIT closed 11.37% higher from its offer price of P2.55 per share. Including the overallotment option, gross proceeds from the initial public offering amounted to P6.4 billion. CREIT is the country’s only renewable energy (RE)-focused REIT, with proceeds from the sale of primary shares to be used to buy property assets in Bulacan and South Cotabato which will be leased to solar power plants within the Citicore Group. Sale of secondary shares on the other hand, would all go to CREIT’s sponsor, Citicore Renewable Energy Corp., which is under the same ownership group of listed builder Megawide Construction Corp.

1st Quarter 2022

ICCP Managing Dir. Manny Ocampo is IHAP’s new Corporate…

15th May 202215th May 2022
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As one of the longest running and most trusted investment houses in the country, ICCP through its Managing Director Mr. Jesus Mariano Ocampo takes a seat as Corporate Secretary in the Investment House Association of the Philippines (IHAP) Board 2022.

In an induction ceremony held last March 30, Mr. Ocampo (4th from left) took an oath alongside the IHAP Board of Officers and Directors with a mission to reinforce IHAP’s drive to further boost Philippine capital markets.

1st Quarter 2022

ICCP leads first IPO of 2022

11th May 202211th May 2022
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Investment & Capital Corporation of the Philippines has successfully led Haus Talk Inc.’s debut in the Philippine Stock Exchange (PSE) last January 17, 2022. ICCP acted as the sole underwriter for this year’s first IPO where Haus Talk was able to raise P750 million from its initial offering of 500 million common shares.

HTI shares opened at P1.49 each from its offer price of P1.50 during trading hours and closed 6.67% higher at P1.60, after hitting an intraday high of P1.73. According to ICCP Managing Director Manny Ocampo, HTI’s shares were bought mostly by local stockbrokers and small investors including OFWs.

Haus Talk is a residential developer with projects in Laguna, Manila, Marikina, Antipolo City and Quezon City. Net proceeds from the offering will be used by the company mainly for land acquisition, project development, and for general working capital.

Haus Talk is one of the companies in PSE’s handholding program for potential IPO listing applicants, that aims to encourage more firms to go public. About 30 SMEs are included in the program where ICCP is also a partner.

In a leadership webinar organized by Center for Creative Leadership, ICCP President Valentino Bagatsing shared his wealth of expertise and insights on purposeful leadership last March 17, Mr. Bagatsing together with distinct resource speakers from Asia, highlighted the value of “winning by mattering” and how company culture plays an integral role in ensuring a business that is both profitable and purpose-driven.

3rd Quarter 2020

ICCP on State of Capital Debt Markets Amid Covid-19…

25th July 202021st September 2020
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The Investment & Capital Corporation of the Philippines sees no debt crisis on the horizon. In his interview with ANC News ICCP President Valentino Bagatsing shared insights on how allocation and effective implementation are key to economic recovery.

According to Mr. Bagatsing there is enough money in the
market that has not moved yet due to lack of demand. In this regard balance sheet management is crucial to reinstate a healthy economy. He stressed that, “We are in a good place, the economic team has done a tremendous job in putting a fiscal space or cushion. It’s really a matter of being able to allocate effectively. It’s in the implementation that counts. You can throw all the money in the system but if the people are scared, demand is dry, it will be difficult to recover. So, a calibrated, communicated return to economic activity albeit in the new normal, people must feel safe about going out of their house and conducting their daily lives. That’s where we should really focus on “, in his parting words, President Bagatsing stays hopeful and optimistic that the Philippine economy can recover from the Covid-19 pandemic.

Watch full interview here:

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Tag: <span>ICCP</span>

SEC roadshow on capital formation for MSMEs and Start-ups

ICCP successfully leads pioneer renewable energy company to IPO

ICCP cited by The Asset for role in the…

ICCP sustains increased market presence in renewable energy offering

ICCP Managing Dir. Manny Ocampo is IHAP’s new Corporate…

ICCP leads first IPO of 2022

ICCP on State of Capital Debt Markets Amid Covid-19…