By Marisa Wong
Madison, Wis., June 4 - SM Investments Corp. said it priced $350 million of 10-year senior bonds with a fixed coupon of 4 7/8%.
Citi and Standard Chartered Bank are the joint lead managers and joint bookrunners for the Regulation S deal.
This is the company's fourth dollar-denominated bond issuance since 2009 and also its longest-dated dollar bond issue, according to a press release.
The Pasay City, Philippines-based company intends to use the offering for general corporate purposes, including refinancing of existing debt.
| Issuer: | SM Investments Corp.
|
| Issue: | Senior bonds
|
| Amount: | $350 million
|
| Maturity: | 10 years
|
| Coupon: | 4 7/8%
|
| Bookrunners: | Citi and Standard Chartered Bank
|
| Pricing date: | June 3
|
| Distribution: | Regulation S
|
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