SM bonds program gets regulator approval

ABS-CBN News

<div class='embed-wrap'><figure data-feedback='fb:likes,fb:comments'><img src='https://sa.kapamilya.com/absnews/abscbnnews/media/2020/news/05/19/20200516-mall-mecq-md-9396.jpg' ><figcaption>SM Megamall in Mandaluyong City opens to the public on the first day of the modified enhanced community quarantine on May 16, 2020. Mark Demayo, ABS-CBN News</figcaption></figure></div>MANILA - Conglomerate SM Investments Corporation's (SMIC) P30 billion fixed rate bonds program has been approved by the Securities and Exchange Commission, the corporate watchdog said on Thursday.SM Investments will initially offer fixed-rate bonds in the aggregate principal amount of P5 billion, with an oversubscription option for up to P5 billion.The first tranche will have a tenor of 3.5-year Series H Bonds due in 2024 to be issued in minimum P20,000 denominations and in multiples of P10,000. No details of the timetable yet on the bond offering.The net proceeds from the offer is estimated at P9.88 billion which will be used to refinance existing debt obligations.The first tranche bonds will be offered to the public at face value through BDO Capital, China Bank Capital, BPI Capital, First Metro Investment Corp. and SB Capital as joint lead underwriters.<ul class='op-related-articles'>	<li><a href='https://news.abs-cbn.com/business/08/05/20/sm-investments-says-h1-net-income-down-69-percent-within-expectations'>SM Investments says H1 net income down 69 percent, within expectations</a></li></ul>SM Investments Corp. (SMIC) reported a consolidated net income of P7.1 billion in the first half, down 69 percent from the P23 billion it booked in the same period last year as the coronavirus pandemic disrupted business operations.

The net proceeds from the offer is estimated at P9.88 billion which will be used to refinance existing debt obligations.The first tranche bonds will be offered to the public at face value through BDO Capital, China Bank Capital, BPI Capital, First Metro Investment Corp. and SB Capital as joint lead underwriters.<ul class='op-related-articles'>	<li><a href='https://news.abs-cbn.com/business/08/05/20/sm-investments-says-h1-net-income-down-69-percent-within-expectations'>SM Investments says H1 net income down 69 percent, within expectations</a></li></ul>SM Investments Corp. (SMIC) reported a consolidated net income of P7.1 billion in the first half, down 69 percent from the P23 billion it booked in the same period last year as the coronavirus pandemic disrupted business operations.

SM Investments will initially offer fixed-rate bonds in the aggregate principal amount of P5 billion, with an oversubscription option for up to P5 billion.The first tranche will have a tenor of 3.5-year Series H Bonds due in 2024 to be issued in minimum P20,000 denominations and in multiples of P10,000. No details of the timetable yet on the bond offering.

<div class='embed-wrap'><figure data-feedback='fb:likes,fb:comments'><img src='https://sa.kapamilya.com/absnews/abscbnnews/media/2020/news/05/19/20200516-mall-mecq-md-9396.jpg' ><figcaption>SM Megamall in Mandaluyong City opens to the public on the first day of the modified enhanced community quarantine on May 16, 2020. Mark Demayo, ABS-CBN News</figcaption></figure></div>MANILA - Conglomerate SM Investments Corporation's (SMIC) P30 billion fixed rate bonds program has been approved by the Securities and Exchange Commission, the corporate watchdog said on Thursday.

The Sy-led conglomerate SM Investments Corp. (SMIC) P30 billion fixed rate bonds program has been approved by the Securities and Exchange Commission, the corporate watchdog said on Thursday.

The Sy-led conglomerate SM Investments Corp. (SMIC) P30 billion fixed rate bonds program has been approved by the Securities and Exchange Commission, the corporate watchdog said on Thursday.

SM bonds program gets regulator approval | ABS-CBN News

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SM bonds program gets regulator approval

SM bonds program gets regulator approval