SM Investments Corp. is seeking the go-signal of the Securities and Exchange Commission to sell

P10 billion worth of fixed-rate bonds with an oversubscription option of up to P5 billion.

The bonds represent the second tranche of the conglomerate’s P30 billion debt securities program under a shelf registration of three years.

The second tranche bonds were assigned a rating of PRS Aaa by local credit watchdog Philippine Ratings Services Corp.

PRS Aaa is the highest rating assigned by PhilRatings, denoting that such obligations are of the highest quality with minimal credit risk and that the issuing company’s capacity to meet its financial commitment on the obligations is extremely strong.

SMIC has interests in banking, property development and retailing.

The post Sy-led SMIC readies P15B bond issue first appeared on Bilyonaryo Business News.



Sy-led SMIC readies P15B bond issue
Source: Filipino Daily Inquirer