SM Investments Recognized for Landmark Capital Market Deal - PR Newswire APAC
Summary
This recognition underscores SM Investments leadership in the capital markets and the strong confidence of global investors in the companys financial strength.IFR Asia cited SM Investments return to the US dollar bond market after a decade-long absence as a significant development for the Philippine corporate sector. The transaction, which was the largest five-year deal by a Philippine corporate in 2024, reopened the market amid volatile conditions and achieved competitive pricing at 35 basis points. "This landmark transaction represents a major milestone for both SM Investments and the Philippine capital markets. The strong demand from investors reflects confidence in Philippine corporate issuers and underscores SMs reputation as a stable and well-managed investment option," said Erwin G. Pato, Executive Vice President for Treasury, Finance, and Planning at SM Investments Corporation.IFR Asia noted that SM Investments bond issuance attracted significant investor interest, given the relative scarcity of corporate issuances from the Philippines in recent years. The transaction also marked SM Investments first bond issuance since its USD350 million 10-year note in June 2014.The deal was arranged by leading global financial institutions, with HSBC, JP Morgan, Standard Chartered, and UBS acting as joint lead managers and joint bookrunners.