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MACTAN NORTH RECLAMATION DEVELOPMENT PROJECT

PACIFIC OCEAN

A strong sense of place should prevail when all things are done, one that suggests not only a prestigious home for the people that chose to live there, but a destination. The succession of beautifully crafted spaces, including a vast botanical garden and terraces full of life, present a flawless composition of forms, movement--movimiento es vida--textures and colours that stirs the senses. At the same time, the extended dimensions of the project and incomparable views are a resounding testament to vision and ambition, and a supreme accolade for those who have built their own legends into an enduring legacy.

Mactan North Reclamation Development Project: Executive Summary

Dickson Electric City: Information Memorandum

Philippines -- Mactan North Reclamation Development Project

HK

SG

ICN

TPE

Brief Overview

 

Central Visayas

Population of 8.1 Million People

4 Square Kilometre Reclamation Project

4 Islands

 

1st Class Infrastructure (DCS, PWCS, Desalination, Vertical Farming)

Renewable Energy (WTE, Hydro Electric Power, Geo Thermal, Tidal Wave Power)

To Have Direct Rail-Link from Cebu International Airport to Reclamation Project

City-Circle Tramway 

Within Proximity of International Airport (Mixed-Use Financial District 3 Kilometres Away)

2H 55M Direct Flight from Hong Kong

3H 50M Direct Flight from Singapore

4H 40M Direct Flight from Incheon

5H 20M Direct Flight from Taipei

Dickson Electric City Has Received The Coveted and Bankable Land Leasehold Agreement

Resolution Fully Concurring on the NOTICE TO PROCEED for Implementation of the MNRDP

We Seek to Raise Additional Capital via Project Finance or Syndicated Loan

USD $1 Billion Non-Recourse Loan

We express interest in a Non-Recourse Loan for a duration of 20 years where a certain number of “x" hectares of land within the project is collateralised, and our Special Purpose Company (SPC) pays back the annual interest to Investors or Lenders and the initial capital, on maturity. 

We also require a 3-year grace-period during the land reclamation process and civil works.

 

On our SPC’s payment method and ability to pay, we would do this by leasing/selling prime land to Fortune 500 multinational companies located within regional South East Asia such as Japan, South Korea, Singapore and Hong Kong, the locators we invite to the 55-Hectare Financial District within the 400-Hectare project, as well as the Integrated Resort and Gaming facility among other big ticket revenue streams from the project.

 

We trust this to be a highly lucrative project and we seek a bold, solid and committed financial partner who share our view in “build em' and they’ll come."

Structure of Project Financing Arrangement

Government

Local

SVEDC

Project Proponent

Dickson Ybanez

Sponsor

National

Insurance Agency

Agencies

Project Approval

Authorisation

Insurance

Investment

Mactan Cebu Ocean City, Incorporated

SPC Project Company

Consignment

Financial Institutions

Loans

Advisory

Commercial Bank

Lender

Investor

Construction Company / Engineering Procure Construct

Operator / Reclamation Management

The Structure Explained

The Sponsor has established and invested capital in the Project Company, Mactan Cebu Ocean City, Incorporated--which will serve as the borrower.

The SPC Project Company signs contracts with various parties involved in the reclamation project.

The SPC Project Company signs a loan agreement with financial institutions, and borrows funds for the completion and operation of the land reclamation project.

The SPC Project Company uses cash flows that are generated from the project by leasing, selling, and or developing its prime real estate to repay the annual interest and initial capital of USD $1 Billion Dollars over a 20-year period.

Role of Financial Institution for Each Stage of the Reclamation Project

Financial

Advisory

 

  • Evaluate project terms, risks and viability

  • Support Negotiations

  • Financial planning and arrangement between key parties

Structuring and  Arrangement

 

  • Develop optimal finance scheme

  • Enlist Export Credit Agencies and other multilateral agencies

  • Lead negotiations among sponsors and related parties

  • Documentation

Syndication and Agent Services

 

  • Manage cross-border syndication

  • Follow-up management and monitoring as lead arranger

Syndicated Finance

We wish to also explore the possibility of Syndicated Financing with a financial institution ranked in the top ten loan book-runner by proceeds, lenders with a solid reputation in the syndicated loan market that understand us in Asia and our cultural sentiments, whilst leveraging their worldwide network and large pool of investors to distribute debt in both the primary and secondary markets.

Strong syndication houses and leading banks who have built strong relationships with investors, including regional banks within South East Asia, trust banks and institutional investors are desired, such as those ranked at the top of the league tables with best syndicated loan professionals with an excellent track record is desirable and best suited in this once in a lifetime landmark project set to transform the Central Visayan region of over 8 million people. 

The Arranger would negotiate the terms and conditions with clients and secure syndicated lenders interested in the lucrative project.

The Arranger/Agent would oversee an array of administrative tasks, including processing loan applications, assigning loan portions, and disbursing principal and interest payments to other syndicate lenders on behalf of Mactan Cebu Ocean City, Incorporated.

Structure of the Syndicated Finance for the 400-Hectare Land Reclamation Project

Mactan Cebu

Ocean City, Incorporated

Customer

Borrower

Negotiation

of Terms

Administrative

Tasks

Arranger/Agent

Invitation:

Negotiation

of Terms

Disclosure:

Administrative

Tasks

"x" number of Lenders

Benefits of Syndicated Loans

MCOCI

The Borrower

 

  • Save total borrowing cost

  • Diversification of funding sources

  • Flexible and efficient financing

  • Improve debt Investor relations

Investors

Lenders

 

  • Find new investment opportunities beyond the reclamation project

  • Diversify assets

  • Spread portfolio risk

  • Young consumer market with over 8 million people

Fund

 Arrangers

 

  • Spread credit risk

  • Optimise risk and returns

  • Improve balance sheets

  • Source of non-interest Income

 
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Krizia Building,

Ground Floor,

Door 104,

Gonzales Compound,

Gorordo Avenue,

Brgy. Camputhaw Cebu City,

Cebu, Philippines. 

Tel: +63 917 306 3888

info@citor.com.ph

Project Site:

ML Quezon National Highway,

Magellan Bay,

Mactan Island, Cebu.

DICKSON 
ELECTRIC CITY 
MNRDP

PACIFIC OCEAN

 © 2022 DICKSON ELECTRIC CITY, MACTAN NORTH RECLAMATION DEVELOPMENT PROJECT, MAGELLAN BAY, MACTAN ISLAND, CEBU