The First Metro Investment Corporation (FMIC), the investment banking arm of the Metrobank Group, has been named Best Domestic Bond House in the Philippines by The Asset Publishing and Research Limited. FMIC was cited for its leadership in the Philippine domestic bond market, having successfully raised PhP 169.5 billion or 87 per cent of the total bond issuances from October 2013 to September 2014. The PhP 3.16 billion initial public offer (IPO) of Century Pacific Food, Inc., where First Metro was one of the joint lead underwriters, has also been awarded by The Asset as Best Deal Philippines. The IPO, a purely domestic offering, was 3.5 times oversubscribed. First Metro’s strong distribution capability allowed it to take 49 per cent of the total issue size.