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Philippines’ SM Investments sets coupon for seven-year bonds at 5.159%
By Marisa Wong
Morgantown, W.Va., Nov. 28 – SM Investments Corp. has set the coupon for its upcoming seven-year bonds, series G, at 5.159%, according to a press release.
The company plans to offer PHP 15 billion of the bonds, with an up to PHP 5 billion over-subscription option.
BDO Capital & Investment Corp., China Bank Capital Corp., BPI Capital Corp. and First Metro Investment Corp. are the joint lead underwriters and joint bookrunners. BDO Capital and China Bank are also the joint issue managers. SB Capital Investment Corp. is a co-lead underwriter.
The offer period is set to run from Nov. 25 to Dec. 2. Settlement is slated for Dec. 9.
This is the Pasay City, Philippines-based company’s fourth offering of peso-denominated retail bonds to the public, the release noted.
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