Conglomerate SM Investments Corp. (SMIC) said Tuesday it mandated four foreign and two local banks to arrange a series of fixed-income investor meetings for its planned offshore bond offering.
SMIC said in a disclosure to the stock exchange it tapped HSBC, J.P. Morgan, Standard Chartered Bank and UBS as joint lead managers and joint book runners, together with BDO Capital Corp. and Chinabank Capital as joint lead managers to conduct investor meetings in Asia and Europe beginning July 16.
SMIC said a US dollar-denominated benchmark-sized Regulation S offering of five-year senior notes by SMIC SG Holdings Pte. Ltd. may follow, subject to market conditions.
The notes are expected to be drawn from the company’s $3-billion Euro Medium Term Note (EMTN) program. The notes are guaranteed by SMIC.
SMIC and its property unit SM Prime Holdings Inc. created in May 2024 a $3-billion EMTN program to fund expansion plans.
Meanwhile, SMIC said it bagged seven prestigious awards at the 14th Asian Excellence Awards, organized by Corporate Governance Asia magazine.
These accolades, SMIC said, highlight its unwavering commitment to corporate excellence, environmental stewardship, and sustainable business practices.
“We are deeply honored by these recognitions. They motivate us to serve our customers better, create more value for our shareholders, and create greater impact in the communities we serve,” said SMIC president and chief executive Frederic DyBuncio.
Among the awards received by SMIC were Asia’s Best Corporate Social Responsibility, Best Corporate Communications, Best Investor Relations Company and Sustainable Asia Award.
Dybuncio was also awarded as Asia’s Best CEO, while SMIC senior vice president for finance Franklin Gomez and SMIC treasurer and executive vice president Erwin Pato were adjudged as Asia’s Best CFO.
Founded in 2011, the Asian Excellence Awards celebrates outstanding achievements in management, financial performance, corporate social responsibility, environmental practices and investor relations. This year’s honors reaffirm SM’s role as a leader in promoting economic growth while prioritizing sustainability and social impact.
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