The Asset awards First Metro Investment Corp Best Domestic Bond House in the Philippines

Feb 07, 2012 19:30 JST

Source: First Metro Investment Corporation

MANILA, Feb 07, 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 the Philippine 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.

Contact:

Anna Marie Tuprio
Corporate Planning & Affairs Department 
Tel: +63-2-858-7951       
E-mail: marie.tuprio@firstmetro.com.ph

Source: First Metro Investment Corporation
Sectors: Daily Finance

Related Press Release

First Metro Philippine ETF Shows Strong Performance in its First Year

January 29 2015 11:30 JST

First Metro Investment Corp: Philippines Will Sustain Economic Gains in 2015

January 29 2015 11:00 JST

The Philippine Investment Summit 2013 Aims to Bolster the Philippines' Standing in the Global Markets

January 25 2013 15:00 JST

Renowned Economist Dr. Nouriel Roubini to Provide Keynote Address at the Philippine Investment Summit 2013

January 23 2013 12:00 JST

First Metro Investment Releases November Philippines 'Market Call'

November 16 2012 16:00 JST

First Metro Investment Releases August Philippines 'Market Call'

August 20 2012 08:00 JST

First Metro Investment Posts P1.9 Billion Income for 1H 2012

August 01 2012 14:00 JST

First Metro Investment Releases June Philippines 'Market Call'

July 13 2012 18:00 JST

First Metro Investment cited as Best Equity House in the Philippines

July 10 2012 18:00 JST

First Metro Investment Releases May Philippines 'Market Call'

June 26 2012 12:00 JST

More Press release >>

Latest Press Release

Gruelling Challenge Awaits TGR In Saudi Arabia
Dec 27, 2024 15:20 JST

The General Incorporated Association Generative AI Japan Announces the Winners of the Japan Generative AI Award 2024
Dec 27, 2024 11:00 JST

MHI Included in "World Index" of Dow Jones Sustainability Index for Second Consecutive Year
Dec 27, 2024 09:36 JST

TOYOTA GAZOO Racing to Exhibit at Tokyo Auto Salon 2025
Dec 26, 2024 17:11 JST

JCB Launches Red Guahan Shopping Mall Shuttle Free Ride Promotion in Guam
Dec 26, 2024 12:00 JST

Mazda Production and Sales Results for November 2024
Dec 26, 2024 11:46 JST

MHI Conducts Nighttime and Long-Distance Highway Demonstration Testing of Unmanned Aerial Vehicle Currently Under Development
Dec 26, 2024 09:47 JST

Hitachi delivers a turnkey rail solution for Ho Chi Minh City's first urban railway Line 1 in Vietnam
Dec 24, 2024 13:19 JST

Nissan and Honda sign MOU to consider business integration
Dec 24, 2024 11:18 JST

Olympus Named to Dow Jones Sustainability World Index for the Fourth Consecutive Year
Dec 24, 2024 11:00 JST

GAC Honda Begins Operation of New Energy Vehicle (NEV) Production Factory in Guangzhou, China
Dec 24, 2024 10:23 JST

Sarawak Premier Makes Inaugural Visit to Mitsubishi Power's Takasago Hydrogen Park
Dec 24, 2024 10:10 JST

Fujirebio and Eisai Enter into Memorandum of Understanding for Joint Research and Social Implementation of Blood-based Biomarkers in the Field of Neurodegenerative Diseases
Dec 23, 2024 17:22 JST

Nissan, Honda, and Mitsubishi Motors sign MOU on collaborative considerations
Dec 23, 2024 13:54 JST

Fujitsu drives chemical industry logistics DX with participation in joint logistics demonstration
Dec 23, 2024 13:30 JST

Mitsubishi Motors Cumulative Production Reaches One Million Units in Indonesia
Dec 20, 2024 17:35 JST

Contract Renewed on Operation and Maintenance (O&M) Services for APM System at Washington Dulles International Airport
Dec 20, 2024 17:24 JST

Toyota Launches Alphard and Vellfire PHEV Models in Japan
Dec 20, 2024 15:38 JST

6G Begins! Embarking on a New Journey of Global Interoperable Standards
Dec 19, 2024 16:50 JST

MI LNG Company to Change Corporate Name to MILES
Dec 19, 2024 13:49 JST

More Latest Release >>