SM Investments Sets Interest Rates for PhP15B Retail Bonds

Pasay—(PHStocks)—SM Investments Corp. (SMIC, PSE: SM) has set the coupon for its Peso-denominated Series G, 7-year retail bonds at 5.1590% p.a. SMIC will issue an aggregate principal amount of PhP15 billion of the Series G bonds, with an option to issue an additional amount of up to PhP5 billion. The bonds are scheduled to be offered by SMIC to investors through underwriters from November 25 to December 2, 2016. The retail bonds are set to be issued on December 9, 2016.

This series of SMIC bonds due 2023 is the fourth offering by SMIC of Peso-denominated retail bonds to the public. Similar to its previous bond issues, the SMIC Series G bonds have been rated PRS Aaa by Philippine Rating Services Corporation (PhilRatings). A rating of PRS Aaa is the highest rating assigned by PhilRatings, and is assigned to long-term debt securities with the smallest degree of investment risk. This rating denotes that SMIC’s capacity to meet its financial commitment is extremely strong.

The SMIC bonds’ joint issue managers are BDO Capital & Investment Corp. and China Bank Capital Corp., which are also acting as joint lead underwriters and joint bookrunners together with BPI Capital Corp. and First Metro Investment Corp. SB Capital Investment Corp. is a co-lead underwriter for the bond issue.

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