LRT 1 Cavite Project and AP Renewables Climate Bond in Asian-mena Counsel’s Deals of the Year 2016

May 16, 2017

In its April 2017 issue, the Asian-mena Counsel recognized two of the firm’s transactions—the LRT1 Cavite Project and the AP Renewables Climate Bond—in its Deals of the Year 2016 feature.

The LRT1 Cavite Project involved the financing for the rehabilitation and extension of the PhP65 billion LRT1 Cavite Extension Project. As part of the project, the Light Rail Manila Corporation (LRMC), as concessionaire, will operate and maintain the existing LRT Line 1 and construct an 11.7-km. extension from the present end-point at Baclaran to the Niog area in Bacoor, Cavite, resulting in eight new stations. Read more information about this project.

SyCipLaw acted as counsel to LRMC in this project. The SyCipLaw team for this project was composed of partners Rocky Alejandro L. Reyes and Arlene M. Maneja; senior associate Ma. Christina C. Ortua; and associates Earla Kahlila Mikhaila C. Langit, Mark Xavier D. Oyales and Jaime Liz F. Yu.

The AP Renewables Climate Bond involves the issuance of a landmark climate bond worth PhP 10.7 billion for the Tiwi-MakBan geothermal facilities. Read more information about this transaction. Read more information about this transaction.

SyCipLaw acted as borrower’s counsel to AP Renewables, Inc. The SyCipLaw team was composed of partners Marievic G. Ramos-Añonuevo and Melyjane G. Bertillo-Ancheta; senior associates Jan Celine C. Abaño-Ranada and Bhong Paulo A. Macasaet; and associate Aldous Benjamin C. Camiso, among others.

The Asian-mena Counsel Deals of the Year 2016 features the top deals from December 2015 to November 2016. Deals are selected on the basis of innovation, complexity, size and uniqueness. Visit for more information.