China Bank is joint lead underwriter for SMIC's P10 billion fixed rate bonds

SMIC recently conducted an Investors’ Briefing at the SMX Convention Center with the joint issue managers and bookrunners BDO Capital and Investment Corp. and First Metro Investment Corp.; joint lead underwriters China Bank, BDO Capital and Investment Corp., BPI Capital Corp., and First Metro Investment Corp.; and the seven participating underwriters for the bond issue.
 

This is SMIC’s second public offering of peso-denominated bonds. Both the 2009 and this new issue of SM bonds are rated PRS Aaa by Philippine Rating Services Corporation (PhilRatings), the highest rating assigned by PhilRatings. A PRS Aaa rating denotes 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.

Proceeds of the bond sale will be used to finance various project expansions and general corporate purposes of SMIC.
 

“We are pleased that China Bank Investment Banking Group is a part of this bonds sale. There is strong investor interest, both from the institutional and retail investors for the SMIC Bonds and we are confident of the success of this offering,” said China Bank SEVP and COO Ricardo R. Chua.
 

The Bank also played a key role in Filinvest Land, Inc.’s recent P7 billion, 7-year bonds offering where it acted as the co-lead underwriter, and in Globe Telecom, Inc.'s P10 billion long-term bonds in May, as well as San Miguel Brewery, Inc.’s P20 billion multi-tranche bond issue in March.