First Metro receives another award

For the second consecutive year, First Metro Investment Corp. the investment banking arm of the Metrobank Group, has been named the Best Equity House in the Philippines by regional investment magazine Alpha Southeast Asia.

First Metro was the sole issue manager, bookrunner, and lead underwriter of the P8 billion PSBank stock rights offering, the only purely domestic equity transaction as of the awards coverage period. It was also behind three initial public offerings for 2019: sole issue manager, sole bookrunner, and joint lead underwriter to coconut-products manufacturer Axelum Resources Corp.; joint issue manager, joint bookrunner, and joint lead underwriter to Fruitas Holdings Inc.; and lead domestic coordinator and joint domestic lead underwriter to Metro Pacific Hospital Holdings Inc.

In photo during the awarding ceremony are Siddiq Bazarwala, Alpha Southeast Asia CEO and publisher, and Abigail Magpayo, First Metro first vice president and head of Equity Capital Markets and Corporate Finance & Advisory.