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Prospect News home > News index > List of issuers S > Headlines for SM Investments Corp. > News item
Published on 7/9/2007 in the Prospect News Convertibles Daily.

SM Investments lowers conversion price of zero coupon convertibles due 2012

By Devika Patel

Knoxville, Tenn., July 9 - SM Investments Corp. announced that, as a result of a 4.27% stock dividend, the conversion price of the company's $300 million outstanding zero coupon convertibles due 2012 will be lowered to 453.39 pesos from 472.75 pesos.

SM Investments is a Manila, Philippines-based conglomerate that specializes in shopping malls, retail merchandising, banking and finance and property.


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