Connect with us

Hi, what are you looking for?


SMIC registers P15-billion fixed-rate bonds

THE Securities and Exchange Commission (SEC) said it received on Wednesday the registration statement of SM Investments Corp. (SMIC) for a P15-billion fixed-rate bond offering.

SMIC is planning to offer P10-billion fixed-rate bonds with a P5-billion oversubscription option. The offer will consist of Series I bonds due in 2025 and Series J Bonds due in 2027.

This will be the second tranche from the company’s P30-billion shelf-registered debt securities program. SMIC issued the P10-billion initial tranche in October last year.

Proceeds from the P15-billion fixed-rate bond issuance will be used to refinance its existing debt obligations as well as for general corporate purposes.

According to SMIC’s offer supplement, the company aims to issue its Series I and Series J bonds in February 2022. The bonds will be listed at the Philippine Dealing & Exchange Corp.

SMIC tapped BDO Capital & Investment Corp. and China Bank Capital Corp. as joint issue managers of the offer.

BDO Capital and China Bank Capital will be joined by BPI Capital Corp., EastWest Banking Corp., First Metro Investment Corp., RCBC Capital Corp., and SB Capital Corp. as joint bookrunners and joint lead underwriters.

On Wednesday, shares of SMIC at the stock market closed 2.88% or P28 lower to end at P943 each. — Keren Concepcion G. Valmonte

You May Also Like


Longtime tennis habitues know injuries have been part and parcel of Roger Federer’s campaigns on the back end of his career. The last decade,...


BW FILE PHOTO THE CENTRAL BANK wants lenders to keep a close eye on environmental and social (E&S) risks in their credit exposure, in...


The healthcare ecosystem is one that has thrived on the cusp of scientific progress, benefitting enormously from the winds of change in the technological...


OCEANAGOLD.COM CANADIAN-AUSTRALIAN mining firm OceanaGold Corp. said it started mineral processing at its Didipio gold and copper mine project in Nueva Vizcaya and Quirino...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 PoliticalInvestorsDaily. All Rights Reserved.