SM Investments raises $150 million from top-up placement

The deal comes on the back of a strong rebound in the share price and is increased by 50% after attracting solid demand.

SMIC offers broad exposure to the domestic consumption story in the Philippines

Anette Jönsson

August 02, 2013

Philippine conglomerate SM Investments Corp (SMIC) last night took advantage of a strong recovery in its share price to raise $150 million from a top-up placement.

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