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SM Investments Recognized for Landmark Capital Market Deal

SM Investments Corporation (SM Investments), the parent company of the SM Group, has been honored with the “Philippine Capital Market Deal of the Year” by International Financing Review Asia (IFR Asia) for its successful issuance of a USD500 million five-year bond in 2024. This achievement highlights SM Investments’ leadership in the capital markets and reflects the strong confidence of global investors in the company’s financial stability.

The bond issuance marked SM Investments’ return to the US dollar bond market after a decade-long hiatus, a move seen as a significant development for the Philippine corporate sector. The transaction, the largest five-year bond issuance by a Philippine corporate in 2024, reopened the market amid challenging economic conditions and achieved competitive pricing at 35 basis points. IFR Asia noted that the strong investor demand underscored confidence in Philippine corporate issuers and reaffirmed SM Investments’ reputation as a reliable and well-managed investment option.

This landmark transaction represents a major milestone for both SM Investments and the Philippine capital markets,” said Erwin G. Pato, Executive Vice President for Treasury, Finance, and Planning at SM Investments Corporation. “

The bond issuance attracted significant investor interest, especially given the scarcity of corporate issuances from the Philippines in recent years. This was SM Investments’ first bond issuance since its USD350 million 10-year note in 2014. The deal was managed by leading global financial institutions, including HSBC, JP Morgan, Standard Chartered, and UBS, with participation from BDO Capital and Chinabank Capital.

This recognition from IFR Asia reinforces SM Investments’ commitment to financial excellence and its influential role in bolstering investor confidence in the Philippine market.

Written by Village Connect

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