SM Investments Corp., the parent of the SM Group, won an award from The Asset Triple A Sustainable Finance Awards 2025 for its $500 million bond offering.
The company received the “Best Bond for Corporate in the Philippines” in the “Best Significant Deal” category, it said in a statement.
The bond, issued in 2024, was the largest five-year issuance by a Philippine corporate and achieved the tightest five-year issue spread for an unrated Southeast Asian corporate, SM Investments said.
The Asset said the deal highlighted SM Investments’ strong credit profile and investor trust.
“This recognition affirms the strength of our financial position and our unwavering commitment to growth,” said Erwin Pato, SM Investments executive vice president for treasury, finance and planning.
The Asset noted the deal was the first benchmark-size U.S. dollar bond issuance by a Philippine corporate since November 2021, and drew over $1.6 billion in orders from 103 accounts.
The Asset also said Philippine bond issuances more than doubled to nearly $8.5 billion in 2024 from $4.02 billion in 2023, citing LSEG data, with contributions from SM Investments and Philippine banks.
SM Investments’ core businesses include retail, banking, and property development.
The Asset Triple A Awards recognize top deals and companies in the region.
