SM Investments Corporation Raises PHP 10 Billion Series H Fixed Rate Bonds on PDExPosted on: October 2, 2020
02 October 2020, Makati, Philippines — Today marks another listing event for SM Investments Corporation (SMIC) at the Philippine Dealing & Exchange Corp. (PDEx). SMIC lists its Series H Fixed Rate Bonds amounting to PHP 10 Billion, with interest rates pegged at 3.3613% per annum to be paid semi-annually.
PDEx President and Chief Executive Officer Antonino A. Nakpil said, “We are pleased to welcome SM Investments Corporation back to list this PHP 10 Billion 3.5-Year Fixed Rate Bond, the first tranche from its PHP 30 Billion Program. This issue follows SMIC’s first enrollment of PHP 5.6 Billion 1.5-Year Notes last July and we are indeed pleased to see Issuers make the full use of the various avenues available for their funding requirements.”
For his part, SMIC President and Chief Executive Officer Frederic C. DyBuncio remarked, “We are grateful that the local debt market has received our issuances with strong interest in a vastly changed economic backdrop.”
“With the current crisis comes a demand for resilience and the opportunity for hard-earned recovery. As we fight this crisis together, we thank you once again for the opportunities you have given us to keep our strong financial position,” added Mr. DyBuncio.
The virtual event was also attended by the Joint Lead Underwriters BDO Capital and Investment Corporation President Eduardo V. Francisco, BPI Capital Corporation President Rhoda A. Huang, China Bank Capital Corporation President Ryan Martin L. Tapia, First Metro Investment Corporation President Jose Patricio A. Dumlao, and SB Capital Investment Corporation President Virgilio O. Chua.
This 27th listing for 2020 brings the year-to-date total of new listings to PHP 312.83 Billion, pushing the total level of tradable corporate debt instruments to PHP 1.49 Trillion issued by 55 companies, comprised of 204 securities.