Since 1972, THE MULTINATIONAL INVESTMENT BANCORPORATION's securities underwriting and financial advisory projects have covered widely diverse activities. Undertaken even amidst market uncertainty and slack, these projects have been uniformly successful, helping step up the development of the capital market and making MULTINATIONAL a significant player in the competitive business of investment banking.
A number of MULTINATIONAL's major investment banking projects are summarized below:
Equity Underwriting
Co-Lead Underwriter
P16.695 billion Initial Public Offering of PNOC Energy Development Corp. (December 2006)
Co-Manager
P1.5 billion Preferred Share Public Offering of Aboitiz Equity Ventures, Inc. (November 2006)
P1.867 billion Preferred Share Public Offering of Aboitiz Equity Ventures (December 2004)
Issue Manager
P2.6 billion Stock Rights Offering of the Philippine Bank of Communications (January 2001)
Participating Underwriter
P3.9 billion Initial Public Offering of Pepsi Cola Phil. Products, Inc. (February 2008)
P2.27 billion Follow-on Offering of TKC Steel Corp.(November 2007)
P1.11 billion Initial Public Offering of Splash Corp. (November 2007)
P8.64 Billion Follow On Offering of Filinvest Land, Inc. (February 2007)
P2.42 billion Initial Public Offering of National Reinsurance Corp. (April 2007)
P23 billion Follow-on Offering of Vista Land & Lifescapes, Inc. (July 2007)
P4.93 billion Follow-on Offering of RCBC (March 2007)
P1.5 billion Preferred Shared Issuance of Aboitiz Equity Ventures, Inc. (December 2006)
P28.75 Billion Common Share Public Offering of SM Investments Corp. (March 2005)
P4.84 billion Common Share Public Offering of Manila Water Company (March 2005)
Debt Underwriting
Joint Lead Arranger & Underwriter
P8 billion 10-year Bond offering of National Food Authority (February 2008)
P12 billion 7-year Zero Coupon Bond Offering of Home Guaranty Corp. (November 2006)
P5 Billion 5-year Zero Coupon Bond Offering of Home Guaranty Corporation (August 2002)
Co-Issue Manager and Arranger
P7 billion first tranche (November 2001), P5 billion second tranche (December 2002) and P5 billion third tranche (January 2003) Dollar Linked Peso Notes Issuance of the Republic of the Philippines
Issue Manager
P75 million Unsecured Subordinated Debt (Tier 2 Notes) Issuance of GM Bank Inc.(December 2007)
Sole Underwriter
P46 million Municipal Bond Flotation of Bayambang, Pangasinan (August 2002)
Underwriter, Selling Agent and/or Market Maker
P4.5 billion Subordinated Debt (Tier 2 Notes) Issuance of Allied Bank (March 2008)
P7 billion Subordinated Debt (Tier 2 Notes) Issuance of RCBC (February 2008)
P8.5 billion Subordinated Debt (Tier 2 Notes) Issuance of Metrobank (October 2007)
P2 billion Rockwell Land Corporate Notes (July 2007)
P5 billion First Philippine Holdings Corporate Notes (April 2007)
P2.225 billion San Miguel Yamamura Asia Corporate Notes (March 2007)
P1.2 billion first tranche (August 2005) and P300 million second tranche (November 2006) Subordinated Debt (Tier 2 Notes) Issuance of Bank of Commerces
P5.5 billion Subordinated Dect (Tier 2 Notes) Issuance of Philippine National Bank (August 2006)
P1.287 billion Subordinated Debt (Tier 2 Notes) Issuance of International Exchange Bank (March 2006)
P2 billion Subordinated Debt (Tier 2 Notes) Issuance of Philippine Savings Bank (January 2006)
P2.35 billion Subordinated Debt (Tier 2 Notes) Issuance of Development Bank of the Philippines (January 2006)
P3 billion Subordinated Debt (Tier 2 Notes) Issuance of Philippine National Bank (February 2004)
P3 billion Subordinated Debt (Tier 2 Notes) Issuance of Security Bank Corporation (January 2004)
P5 billion Subordinated Debt (Tier 2 Notes) Issuance of Rizal Commercial Banking Corporation (August 2003)
Financial Advisory
Share valuation of a service-provider company (March 2008)
Share valuation of a coal mining company (February 2008)
Share valuation of a nickel mining company (December 2007)
Advisory for an IT company in preparation for its intended public offering (October 2007)
Share valuation of franchised schools (October 2006)
Share valuation of two retail companies (August 2006)
Financial restructuring of a consumer-oriented group of companies (May 2006)
Stock option valuation of a manufacturing company (February 2006)
Share valuation of a real estate company (November 2005)
Rationalization of equity shareholdings of a listed company (June 2005)
Equity Restructuring of a listed company (April 2005)
Organizational restructuring of a service-oriented company (March 2004)
Rationalization of equity investments in subsidiaries of a listed holding company (February 2004)
Share valuation of a service company in relation to the planned divestment of majority shareholder group (October 2003)
