SM Investments Corporation (SM) announced today that its Board of Directors approved the issuance of US Dollar Bonds with maturity of up to ten years. SM appointed Citi and Standard Chartered Bank as Joint Lead Managers and Joint Bookrunners. The offering is intended to be used for general corporate purposes, including refinancing of existing debts.
The Board of Directors also authorized the management to negotiate with Citi and Standard Chartered Bank and finalize the amount, terms and pricing of the Bond issue subject to the prevailing market conditions.
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For further information, please contact:
Ms. Corazon P. Guidote
Senior Vice President for Investor Relations
SM Investments Corporation
Tel. No. 857-0117