Manila, Feb 7, 2012 - (ACN Newswire) - First Metro Investment Corporation has been voted as the Best Domestic Bond House in the Philippines by Hong Kong-based The Asset Publishing and Research Ltd. in its Triple A Country Awards for 2011.
First Metro was cited for its leadership in thePhilippine domestic bond market in the covered screening period, participating in the issuance of P637.4 billion bonds or 96.2 percent of the total bond issuances.
It is the third consecutive year the company received the award. First Metro was also recently awarded Best Bond House by FinanceAsia, another leading financial publication in the region.
The company handled a well-balanced and diversified portfolio based on the wide range of industries it served in the private sector which included power and utility corporations, holding companies, property, hotel and leisure companies, financial institutions, as well as food and beverage companies.
In 2011, First Metro arranged the P5.0-billion 5-year floating rate notes of SM Prime Holdings, Inc., the P10.0-billion 5-year and 10-year notes of Manila Water Company, Inc., the P800.0-million fixed and floating rate notes of Pancake House, Inc., the P5.0-billion 5-year notes of Aboitiz Power Corporation, the P4.0 billion 7-year notes of Rockwell Land Corporation, and the P11.0-billion 10-year notes of Beacon Electric Asset Holdings, Inc..
It also introduced two property development companies to the domestic capital market with the maiden issuances of 5-year corporate notes of Property Company of Friends, Inc. worth P1.5 billion and of Federal Land, Inc. valued at P6.6 billion.
First Metro also participated in the fund-raising projects of the Republic of the Philippines. The company was joint deal manager in the two most recent Domestic Debt Consolidation Programs of the Republic - P199.5 billion in December 2010 and P323.4 billion in July 2011 - which were two of the largest domestic bond swap transactions to-date. These helped smoothen the Republic's debt maturity profile by significantly reducing debts, and creating a liquid benchmark for long-term financing to support Public-Private Partnerships (PPP) in infrastructure projects.
About First Metro Investment Corporation
Founded in 1972, First Metro Investment Corporation (FMIC) is the investment banking arm of Metropolitan Bank and Trust Co. (Metrobank), the Philippines largest financial conglomerate. With over 100 employees, FMIC provides investment banking services through its four strategic business units: Investment Banking, Treasury, Investment Advisory, Corporate Lending and the Regional Business Development Desk. FMIC holds the distinction of being the sole publicly listed investment house among the member institutions of the Investment House Association of the Philippines (IHAP) and has been ranked among the Top 11 Philippine Companies and among the Best ASEAN 100 Companies based on Relative Wealth Added Index by NY-Based management consulting firm, Stern Stewart & Co. For the last two years, FMIC was awarded the Best Bond House in the Philippines by The Asset Magazine of Hong Kong. For more information on FMIC, visit www.firstmetro.com.ph.
Source: First Metro Investment Corporation
Contact:
Copyright 2012 ACN Newswire. All rights reserved.
First Metro was cited for its leadership in thePhilippine domestic bond market in the covered screening period, participating in the issuance of P637.4 billion bonds or 96.2 percent of the total bond issuances.
It is the third consecutive year the company received the award. First Metro was also recently awarded Best Bond House by FinanceAsia, another leading financial publication in the region.
The company handled a well-balanced and diversified portfolio based on the wide range of industries it served in the private sector which included power and utility corporations, holding companies, property, hotel and leisure companies, financial institutions, as well as food and beverage companies.
In 2011, First Metro arranged the P5.0-billion 5-year floating rate notes of SM Prime Holdings, Inc., the P10.0-billion 5-year and 10-year notes of Manila Water Company, Inc., the P800.0-million fixed and floating rate notes of Pancake House, Inc., the P5.0-billion 5-year notes of Aboitiz Power Corporation, the P4.0 billion 7-year notes of Rockwell Land Corporation, and the P11.0-billion 10-year notes of Beacon Electric Asset Holdings, Inc..
It also introduced two property development companies to the domestic capital market with the maiden issuances of 5-year corporate notes of Property Company of Friends, Inc. worth P1.5 billion and of Federal Land, Inc. valued at P6.6 billion.
First Metro also participated in the fund-raising projects of the Republic of the Philippines. The company was joint deal manager in the two most recent Domestic Debt Consolidation Programs of the Republic - P199.5 billion in December 2010 and P323.4 billion in July 2011 - which were two of the largest domestic bond swap transactions to-date. These helped smoothen the Republic's debt maturity profile by significantly reducing debts, and creating a liquid benchmark for long-term financing to support Public-Private Partnerships (PPP) in infrastructure projects.
About First Metro Investment Corporation
Founded in 1972, First Metro Investment Corporation (FMIC) is the investment banking arm of Metropolitan Bank and Trust Co. (Metrobank), the Philippines largest financial conglomerate. With over 100 employees, FMIC provides investment banking services through its four strategic business units: Investment Banking, Treasury, Investment Advisory, Corporate Lending and the Regional Business Development Desk. FMIC holds the distinction of being the sole publicly listed investment house among the member institutions of the Investment House Association of the Philippines (IHAP) and has been ranked among the Top 11 Philippine Companies and among the Best ASEAN 100 Companies based on Relative Wealth Added Index by NY-Based management consulting firm, Stern Stewart & Co. For the last two years, FMIC was awarded the Best Bond House in the Philippines by The Asset Magazine of Hong Kong. For more information on FMIC, visit www.firstmetro.com.ph.
Source: First Metro Investment Corporation
Contact:
Anna Marie Tuprio Corporate Planning & Affairs Department Tel: +63-2-858-7951 E-mail: marie.tuprio@firstmetro.com.ph
Copyright 2012 ACN Newswire. All rights reserved.
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