Investors in SM Investments Corporations’ existing 2013 and 2014 bonds got the opportunity to extend the maturity of their holdings through an exchange offer that included the issue of seven-year debt. The Philippine conglomerate priced the new $400 million bond yesterday following an exchange offer for its $350 million 6.75% bonds due 2013 and the $500 million 6% 2014 bonds that were launched on September 22.
¬ Haymarket Media Limited. All rights reserved.
