SMIC Issues PhP5 Billion Fixed Rate Corporate Notes

(PHStocks) – SM Investments Corp. (PSE: SM) successfully raised PHP5 Billion from the issuance of 7- and 10-year Fixed Rate Corporate Notes (Notes). The Notes were priced at yields of 5.750% for the 7-year tranche and 6.625% for the 10-year tranche. BDO Capital and Investment Corporation, First Metro Investment Corporation and The Hongkong and Shanghai Banking Corporation Limited acted as the Joint Lead Arrangers and Bookrunners of the issue.

SMIC president Harley T. Sy was highly encouraged by the market reception and support to the Company’s latest fund-raising activity. “This Notes issuance is indeed a clear indication of the financing community’s trust and confidence in the SM group,” Sy said.

SMIC Chief Finance Officer Jose T. Sio said, “We are pleased with the continued vote of confidence of the institutional investors who subscribed to the Notes issue. We congratulate the Joint Lead Arrangers for successfully arranging the deal.”

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