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

Latest Release

Fujitsu highlights technologies to realize its vision of AI as a trusted assistant at CEATEC 2024
Oct 04, 2024 11:03 JST

Toyota to Invest $500 Million in Joby Aviation
Oct 03, 2024 15:59 JST

Fujitsu and Supermicro announce strategic collaboration to develop green AI computing technology and liquid-cooled datacenter solutions
Oct 03, 2024 09:38 JST

Eisai Commences Business Activities At New Pharma Sales Subsidiary In Saudi Arabia
Oct 02, 2024 11:28 JST

IOWN All-Photonics Network with Optical Fiber Sensing Functions Achieves Wide-Area Traffic Flow Monitoring
Oct 01, 2024 17:44 JST

Release of Mazda Integrated Report 2024
Oct 01, 2024 10:56 JST

DENSO and ROHM Agree to Start Consideration of Strategic Partnership in the Semiconductor Field
Oct 01, 2024 09:27 JST

Olympus Launches VISERA S, a New Imaging Platform
Sep 30, 2024 15:00 JST

Fujitsu launches "Takane" - A large language model for enterprises offering the highest Japanese language proficiency in the world
Sep 30, 2024 14:05 JST

DENSO Announces Changes of Executive Responsibility and Executive Officers
Sep 30, 2024 13:22 JST

Mitsubishi Corporation: JOGMEC Commissioned Feasibility Study for Overseas CCS Value Chain
Sep 30, 2024 11:38 JST

Mazda Production and Sales Results for August 2024
Sep 27, 2024 17:20 JST

Honda Issues Integrated Report - "Honda Report 2024"
Sep 27, 2024 15:37 JST

Hitachi Becomes First Oracle Partner in Japan to Win Regional Best in Class Award in the Customer Success Category in the 2024 Oracle Partner Awards
Sep 27, 2024 14:19 JST

Mitsubishi Corporation Strengthens the Partnership with PETRONAS, Reinforcing Confidence in LNG Operations in the Region
Sep 27, 2024 13:39 JST

MHI Completes Production of the Core Stage of the Final H-IIA Launch Vehicle (No. 50)
Sep 26, 2024 12:00 JST

A2Z and Nayax Capital Sign Framework Agreements to Enable Global Financing for the Sale or Lease of Cust2Mate Smart Carts Integrated with Nayax's Solutions
Sep 25, 2024 22:00 JST

Osaka Gas and MHI to Implement the CO2NNEX Digital Platform for Managing and Transferring the Environmental Value of e-Methane at Expo 2025 Osaka, Kansai, Japan
Sep 25, 2024 15:11 JST

Hitachi Rail Unveils the 'HMAX' AI Solution, Accelerated by NVIDIA, to Optimize Trains, Signaling and Infrastructure
Sep 25, 2024 13:05 JST

Overview of Honda Exhibits at JAPAN MOBILITY SHOW BIZWEEK 2024
Sep 24, 2024 18:32 JST

More Latest Release >>

Latest Release

Related Release