BDO Unibank has provided PHP50 billion in financing for the Philippines’ energy transition for the expansion of the country’s natural gas infrastructure.
The financing enabled Prime Infra to acquire the gas assets of First Gen Corporation strengthening the role of natural gas in ensuring energy security and supporting cleaner power generation. As part of the transaction, BDO Unibank financed around 60 per cent of the total loan facility. BDO Capital & Investment Corporation acted as the mandated lead arranger, while BDO Trust Investments Group served as the facility agent and collateral trustee. The deal forms part of BDO’s broader strategy to support large-scale infrastructure projects that contribute to national development and the gradual evolution of the Philippines’ energy mix.