SM Investments Corp. on Tuesday launched an international roadshow to gauge investors’ appetite for its plan to raise fresh capital of at least USD500 million via a guaranteed five-year senior notes.
SMIC, the listed investment holding company of the Sy Group, has engaged HSBC, J.P. Morgan, Standard Chartered Bank, and UBS as joint lead managers and joint bookrunners, alongside BDO Capital and Investment Corp., and Chinabank Capital as joint lead managers, to organize investor meetings in Asia and Europe.
“A USD-denominated benchmark-sized Regulation S offering of 5-year senior notes by SMIC SG Holdings Pte. Ltd. guaranteed by SMIC may follow, subject to market conditions,” the company told the Philippine Stock Exchange.
A benchmark-size bond is usually an issue with a size of at least $500 million. Regulation S offerings are exempt from registration with the US Securities and Exchange Commission because these are debt papers offered outside the US to non-US investors.
The offering will be part of SMIC SG Holdings’ USD 3 billion Euro Medium Term Note Program.
SMIC has investments in retail, banking, property development, food, logistics and leisure.
