SM Investments raises $350 million in five-year bonds

The conglomerate defies choppy markets to issue the largest Philippines private sector bond on record.

SM Investments Corp SMIC maintains its status as one of a select handful of non-government affiliated Philippine companies with access to the international high-yield market, having just completed a $350 million five-year deal. The size of the current deal, which has a three-year put option, has in the past 10 years only been exceeded by National Power Corp Napocor, a government affiliated company. Napocor issued two $500 million bonds in 2000 and 2006, as well as a...

To continue reading, please login or register for free

Click for more on: smic | ubs

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...