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Philippines’ SM Investments to offer up to PHP 15 billion bonds
By Marisa Wong
Los Angeles, Dec. 17 – SM Investments Corp. said it plans to offer PHP 10 billion of bonds with an oversubscription option for up to PHP 5 billion of bonds.
The company had registered in 2020 with the Philippine Securities and Exchange Commission to issue up to PHP 30 billion of bonds within three years. The upcoming offering will be the second tranche.
Philippine Ratings Services Corp. has assigned a rating of PRS Aaa to the upcoming tranche.
SM Investments is a Pasay City, Philippines-based conglomerate with interests in retail, banking and real estate.
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