SM Investments Corp. (SM Investments), the parent company of the SM Group, was awarded the “Philippine Capital Market Deal of the Year” by International Financing Review Asia (IFR Asia) for its successful issuance of a $500-million five-year bond in 2024.
The recognition underscores SM Investments’ leadership in the capital markets and the strong confidence of global investors in the company’s financial strength.
IFR Asia cited SM Investments’ return to the US dollar bond market after a decade-long absence as a significant development for the Philippine corporate sector. The transaction, the largest five-year deal by a Philippine corporate in 2024, reopened the market amid volatile conditions and achieved competitive pricing at 35 basis points.
“This landmark transaction represents a major milestone for both SM Investments and the Philippine capital markets. The strong demand from investors reflects confidence in Philippine corporate issuers and underscores SM’s reputation as a stable and well-managed investment option,” said Erwin Pato, executive vice president for treasury, finance and planning at SM Investments.
