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SM Investments Sets Interest Rates for Php15 Billion Retail Bonds

(25 November 2016, Pasay City, Philippines) SM Investments Corporation (SMIC) 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 Php15.0 billion of the Series G bonds, with an option to issue an additional amount of up to Php5.0 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 Corporation and China Bank Capital Corporation, which are also acting as joint lead underwriters and joint bookrunners together with BPI Capital Corporation and First Metro Investment Corporation. SB Capital Investment Corporation is a co-lead underwriter for the bond issue.

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About SM Investments Corporation

SM Investments Corporation (SM) is one of the leading conglomerates in the Philippines with highly synergistic businesses in retail, banking and property development. SM is one of the more responsible companies in the country due to its progressive approach in business and its comprehensive sustainability programs for its host communities through SM Foundation and SM Cares.

SM’s retail operations enjoy a strong brand franchise consisting of THE SM STORE; a strong portfolio of leading specialty retailers including Ace Hardware, SM Appliances, Homeworld, Our Home, Toy Kingdom, Watsons and others; and its food retail chains, namely SM Supermarket, SM Hypermarket, Savemore and WalterMart stores. SM’s property arm, SM Prime Holdings, Inc., is one of the largest integrated property developers in the Philippines with interests in mall, residential, commercial and tourism development. SM’s interests in banking are in BDO Unibank, Inc. (BDO), the country’s leading bank and in China Banking Corporation (China Bank), the sixth largest private bank. Combined, these two banks have a network of over 1,400 branches nationwide.

For more about SM, visit www.sminvestments.com

For further information, please contact:
Ms. Corazon P. Guidote
Senior Vice President for Investor Relations
SM Investments Corporation
E-mail: cora.guidote@sminvestments.com
Tel. No. (632) 857-0117

 

Date: 
Friday, November 25, 2016
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