SM Investments Lists PhP 20 Billion Bonds on PDExPosted on: December 9, 2016
09 December 2016, Makati Philippines – Following its two bond issuances back in 2012 and 2014, SM Investments Corporation (SMIC) listed its PhP 20 Billion Series G Fixed Rate Bonds Due 2023, the initial tranche of its PhP 50 Billion shelf registration, on PDEx.
With this listing, the total outstanding listed issues of SM Group, including those of SM Prime Holdings, BDO Unibank, and China Bank, now reach an aggregate of PhP 114.42 Billion, or 18% of the total outstanding bonds listed on PDEx.
PDS Group President and CEO Cesar B. Crisol said: “We do appreciate how these return listings indicate their shared confidence in the local debt markets as a viable funding mechanism, and in the secondary market as an important liquidity mechanism to support their strategic investments.”
This fourteenth listing for the year brings the year-to-date total of new listings to P129.66 Billion and increases the total level of tradable corporate debt instruments to PhP 640.12 billion issued by 39 companies, comprised of 112 securities.
SMIC Executive Vice President and Chief Finance Officer Jose T. Sio stressed that it is an opportune time to issue the SMIC Series G Bonds despite global economic uncertainties. “Philippines is still a good business environment, a good business prospect for a long-time basis because of what our President (Duterte) is doing which is really good for Filipinos,” Sio said.
The event was held at the PDS Group Assembly Hall and was graced by SMIC Directors and Officers including Executive Vice President and Chief Finance Officer Jose T. Sio, Executive Vice President Frederic Dybuncio, Senior Vice President Marcelo Fernando, and Senior Vice President Franklin Gomez.
The issue participants who attended the listing ceremony were BDO Capital & Investment Corporation President Eduardo V. Francisco, China Bank Capital xx, BPI Capital Corporation President Juan Carlos L. Syquia, First Metro Investment Corporation Executive Vice President Justino Juan R. Ocampo, SB Capital Investment Corporation Senior Associate Reinier A. Llige.#