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| From
its humble beginnings in 1999, BDO Capital & Investment
Corporation (“BDO Capital”) has emerged as the
leading investment house in the Philippines today. The 12
awards BDO Capital received in 2006 and 2007 from four prestigious
international publications attest to its dominance in both
the equities and debt capital markets in the Philippines.
In Finance Asia’s Country Awards for Achievement, BDO
Capital received back-to-back awards as Best Investment Bank
and Best Equity House in the Philippines in 2006 and 2007.
BDO Capital was also awarded Best Bond House in 2007 by Finance
Asia. Similarly, BDO Capital won the domestic awards for Best
Debt House and Best Equity House two years in a row in Asiamoney’s
2006 and 2007 Awards for Excellence. BDO Capital also received
from Alpha Southeast Asia Magazine the Best Investment Bank
and Best Bond House in the Philippines awards in 2007 in recognition
of BDO Capital’s outstanding performance in the Philippine
capital markets. The Asset also awarded BDO Capital Best Domestic
Investment Bank in 2006. |
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Likewise,
the Home Guaranty Corporation (“HGC”) and the
Bureau of the Treasury of the Republic of the Philippines
accorded BDO Capital the Distinguished Partner Award in recognition
of its successful underwriting of HGC’s PhP7.0 billion
Zero-Coupon Bonds issued in June 2002 and various issues of
Retail Treasury Bonds.. |
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| BDO
Capital is the wholly owned investment-banking subsidiary
of Banco de Oro – EPCI, Inc. (“BDO”), the
surviving bank from the merger of Banco de Oro Universal Bank
(“BDO”) and Equitable PCI Bank, and a member of
the larger SM Group of Companies with business interests in
commercial centers operation, retail and merchandising, financial
services, and real estate development and tourism. BDO is
the Philippines’ second largest bank in terms of resources,
with assets of Php650.0 billion. It has market leading positions
in its core business lines including corporate and middle-market
banking, consumer banking, credit cards, asset management,
remittances, investment banking and leasing and finance. In
addition, BDO’s distribution network is the third largest
in the industry with 682 branches and more than 1,200 ATMs
nationwide. |
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| BDO
Capital is a full-service investment house primarily involved
in securities underwriting and trading, loan syndication,
financial advisory, private placement of debt and equity,
project finance, and direct equity investment. Incorporated
in December 1998, BDO Capital commenced operations in March
1999 with a paid-up capital of Php300.0 million. As of June
2007, BDO Capital has over Php843 million in capital. |
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| With
a backbone of more than five million investors from the SM
and BDO Groups combined, BDO Capital’s goal is to make
securities and investment outlets available to these investors
by leading and even participating in as many equity and debt
offerings as possible, acting either as lead manager, arranger,
selling agent or participating underwriter. Secondary market
activity, primarily the trading of listed securities is being
handled by BDO Securities Corporation, a member broker of
the Philippine Stock Exchange and wholly owned by BDO Capital.
The securities business of BDO will be further enhanced with
the addition of two brokerage houses owned by the former Equitable
PCI Bank (PCIB Securities Corp. and Armstrong Securities Corp.). |
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| In
the last eight years, BDO Capital raised a total of Php777.3
billion in equity offerings and debt issues for both the government
and private institutions either as issue manager, lead underwriter,
arranger, advisor, co-arranger or participating underwriter.
For the period October 1, 2006 to September 30, 2007, BDO
Capital as issue manager and lead underwriter cornered 76%
(Php86.8 billion of the total Php114.7 billion) of the Philippine
equity capital market offerings (IPOs, rights issues and follow-on
offerings, ex-preferred shares issuances). It is worthwhile
to note that BDO Capital was issue manager and lead underwriter
in six (6) of the seven (7) IPOs for the period covered (PNOC
Energy Development Corporation, Pacific Online Systems Corp.,
National Reinsurance Corporation of the Philippines, Phoenix
Petroleum (Phils.) Corp., Abotiz Power Corp. and Anchor Land
Holdings, Inc.). In addition, BDO Capital was the issue manager
and domestic lead underwriter for the two (2) largest follow-on
offerings in the Philippines (Alliance Global Group, Inc.
and Vista Land & Lifescapes, Inc.). Meanwhile, for the
same period, BDO Capital lead arranged, syndicated or participated
in a total of Php198.8 billion of notes, bonds and loans issuances
for both the government and corporate entities denominated
in either peso or U.S. dollars focusing on infrastructure
projects (toll roads) and structured financing. |
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