SMIC Prices $350M 10-yr Bond Issue

Manila—(PHStocks)—SM Investments Corp. (PSE: SM) has priced a $350 million 10-year senior unsecured bond issue at a fixed rate of 4.875% per annum.

This landmark transaction marks the longest-dated US dollar bond issued by SM and this is also the company’s fourth US dollar bond issuance since 2009. The success of this transaction highlighted the market’s confidence in SM’s credit story.

The Joint Lead Managers and Joint Bookrunners of this transaction are Citi and Standard Chartered Bank.