Metro Pacific Tollways Corp. (MPTC), the Philippines’ leading toll road operator, and Mizuho Bank, a prominent banking giant based in Japan, have been awarded the Best Corporate Trade Finance Deal in Asia Pacific by The Asian Banker. The award recognizes the two companies’ successful collaboration on a landmark cross-border acquisition of a stake in Indonesia’s Trans-Java Toll Road, which was completed in November 2024.
A Complex and Successful Partnership
The deal, which involved a multi-jurisdictional trade finance arrangement, required the issuance of a Standby Letter of Credit (SBLC) that had to meet stringent regulatory standards in both the Philippines and Indonesia. MPTC and Mizuho Bank expertly navigated the legal and operational complexities, including dual-language documentation and differing SBLC frameworks, to ensure the transaction was completed smoothly and on time. Their shared expertise in cross-border compliance was crucial to the deal’s success.
Expanding Regional Infrastructure and Capability
This acquisition marks a significant step in MPTC’s strategy to expand its regional footprint and reinforce its commitment to improving mobility infrastructure across Southeast Asia. According to Emlyn Amaya-Apostol, MPTC’s AVP for Corporate Finance and Treasury, the award is a testament to the company’s “growing capability to execute inter-regional strategic investments.”
Amaya-Apostol added, “We are honored to be part of a transaction that sets a benchmark in corporate trade finance and infrastructure investment in Southeast Asia.” The milestone also solidifies MPTC’s reputation as a reliable partner in building essential infrastructure and delivering world-class mobility solutions in a region where they are increasingly vital.
Metro Pacific Tollways Corp. is the largest toll road operator in the Philippines, with a portfolio of expressways that connect key urban centers. MPTC is dedicated to building and managing infrastructure that enhances connectivity and promotes economic growth.
