SM Investments Corp. said Thursday it priced a $500-million drawdown from its $3-billion multi-issuer euro medium-term notes program established in May this year. The notes will be listed on the Singapore Exchange Securities Trading Limited.
“Our establishment of the pioneer EMTN program allows us to efficiently access funding with flexibility especially in times of volatility,” said SM Investments chairman Amando Tetangco Jr. “We believe that the positive reception of this maiden issuance is a testament to the investability of quality Philippine corporates.”
The 5-year notes were distributed to high-quality global accounts. By geography, the 5-year notes were distributed 87 percent to Asia and 13 per cent to EMEA. By investor type, the 5-year Notes were distributed 83 percent to fund managers/asset managers, 11 percent to banks/financial institutions and 6 percent to private banks/others.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MlaStandard - 🏆 20. / 55 Read more »