Pasay City, Philippines, 2014-11-3— /EPR Retail News/ — SM Investments Corporation (SM) was cited as the Region’s Best Borrower in the Philippines based on a research poll by Hong Kong magazine Finance Asia.
The award was presented during the 2014 FinanceAsia Fixed Income Poll Awards dinner on October 29 in Singapore.
“We are pleased to accept this award which affirms SM’s initiatives towards promoting vibrancy in the capital markets. We are grateful to our investors for their confidence and support,” Jose T. Sio, Chief Finance Officer of SM said.
Last June, SM issued a USD350 million 10-year senior unsecured bond at a fixed rate of 4.875% per annum, a landmark transaction marking the longest-dated USD bond issued by SM and the company’s fourth USD bond issuance since 2009.
SM also raised PHP15 billion in May 2014 from a public offer of peso-denominated retail bonds with maturity of seven and ten years. The SM bonds are rated PRS Aaa by Philippine Rating Services Corporation, the highest rating assigned by the credit rating firm.
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About SM Investments Corporation
SM Investments Corporation (SM) is one of the leading conglomerates in the Philippines with highly synergistic businesses in retail, banking and property development. SM has evolved into one of the highly respected companies in the country owing to its progressive approach in business and its comprehensive sustainability programs for its host communities through SM Foundation and SM Cares.
SM’s retail operations enjoy a strong brand franchise consisting of The SM Store and its food retail chains namely SM Supermarket, SM Hypermarket, Savemore and WalterMart stores. SM’s property arm, SM Prime Holdings, Inc. is among the largest integrated property developers in Southeast Asia with interests in mall, residential, commercial and tourism development. SM’s interests in banking are in BDO Unibank, Inc. (BDO), the country’s largest and in China Banking Corporation (China Bank), the fifth largest. Combined, these two banks have a network of over 1,000 branches nationwide.
All told, in just 56 years, SM has become one of the largest market capitalized companies listed on the Philippine Stock Exchange, a testament to its ability to deliver steady high earnings and asset growth, sound financial management that creates value for all its stakeholders.
For further information, please contact:
Ms. Corazon P. Guidote
Senior Vice President for Investor Relations SM Investments Corporation
Tel. No. 857-0117