• BDO Capital eyeing more power generation deals

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    By Madelaine B. Miraflor Reporter

    The investment banking arm of Sy-led  BDO Unibank Inc. is eyeing more power deals this year given the bright outlook for the country’s power sector.

    BDO Capital & Investment Corp. President Ed Francisco said on the sidelines of the Economic Journalist Association of the Philippines Business Journalism Seminar that the company is looking to secure more power deals this year, on the back of the seemingly growing optimism in the energy sector.

    He said that most of the deals that the company is working on comes from the power sector and transportation.

    “We are working on certain deals. A lot of it is from power, a lot of it is transportation, which is actually a good thing,” Francisco said.

    “We are doing a lot of projects on power and we are trying to do some other deals for the other wind farms. We are also trying to see if we can do something. We are talking with people doing solar, doing waste, doing hydro, kasi madami ’yan eh [because there are a lot of opportunities there]. We are trying to see how we can help them,” he further said.

    Earlier in 2012, BDO Capital provided solid backing to First Gen Corp.’s earlier capital-raising activity, specifying that it believes in the private sector’s integral role in promoting the use of renewable energy for power generation.

    BDO Capital was then the issue manager and joint lead underwriter of First Gen’s P10-billion issuance of Series G Perpetual Preferred Shares.

    Meanwhile, Francisco said that the company is also looking to secure more deals in tourism, amid pending major airport projects all over the country.

    “And even tourism. For hotels, may growth diyan eh kasi nga bago dumating ’yang mga airport, nagtatayuan na ’yang mga ’yan [there will be growth there because of the airport projects. They are building in the anticipation of the airports],” he said.

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