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Philippines’ SM Investments sets bond coupons at 3.5915%, 4.7713%
By Marisa Wong
Los Angeles, Feb. 7 – SM Investments Corp. set the interest rates for its upcoming peso-denominated series I three-year retail bonds and series J five-year retail bonds at 3.5915% and 4.7713%, respectively, according to a 17-C filing with the Philippine Securities and Exchange Commission.
SM will issue an aggregate principal amount of PHP 10 billion of the series I and series J bonds, with an option for up to an additional PHP 5 billion.
The company will offer the bonds to the public from Feb. 7 to Feb. 11. The issue date will be Feb. 18.
The Pasay City, Philippines-based company's board of directors approved the retail bonds in February.
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