September 21, 2018
First Metro Investment Corporation, the investment banking arm of the Metrobank Group, has been named the Philippines’ Best Equity House and, for the second consecutive year, the Best M&A House by regional investment magazine Alpha Southeast Asia at its 12th Annual Best Financial Institution Awards. During the awards covered period, First Metro participated in 60% of the total publicly listed capital markets transaction in the Philippines, raising P293.82 billion for the public and private sectors. In the equity space, First Metro completed two stock rights offerings (SRO), including the landmark P60 billion SRO of its parent company, Metrobank, where it acted as joint global coordinator, joint bookrunner, issue manager, and domestic lead underwriter. It also acted as joint lead underwriter in the P2.90 billion SRO of the Philippine Stock Exchange, Inc. In mergers and acquisitions (M&A), First Metro served as buy-side financial advisor of Metrobank’s acquisition of up to 40% stake, equivalent to P14.8 billion, in Metrobank Card Corporation, the country’s leading provider of credit cards. In photo during the awarding ceremony are (L-R) First Metro president Rabboni Francis Arjonillo, First Metro first vice president Abigail Magpayo, Alpha Southeast Asia publisher & CEO Siddiq Bazarwala, and First Metro first vice president Maria Teresa de Vera.