SM Investments Recognized for Landmark Capital Market Deal

PASAY CITY,Philippines,Feb. 7,2025 -- SM Investments Corporation (SM Investments),the parent company of the SM Group,has been awarded the "Philippine Capital Market Deal of the Year" by International Financing Review Asia (IFR Asia) for its successful issuance of a USD500 million five-year bond in 2024. This 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,which was 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 G. Pato,Executive Vice President for Treasury,Finance,and Planning at SM Investments Corporation.

IFR Asia noted that SM Investments' bond issuance attracted significant investor interest,given the relative scarcity of corporate issuances from the Philippines in recent years. The transaction also marked SM Investments' first bond issuance since its USD350 million 10-year note in June 2014.

The deal was arranged by leading global financial institutions,with HSBC,JP Morgan,Standard Chartered,and UBS acting as joint lead managers and joint bookrunners. BDO Capital and Chinabank Capital also participated as joint lead managers.

International Financing Review Asia is a respected source of news and analysis on capital markets and investment banking,reinforcing the credibility of this recognition.

SM Investments' achievement highlights its commitment to financial excellence and its role in strengthening investor confidence in the Philippine market.

About SM Investments Corporation

SM Investments Corporation is one of the leading Philippine companies that is invested in market-leading businesses in retail,banking,and property. It also invests in ventures that capture high growth opportunities in the emerging Philippine economy.

SM's retail operations are the country's largest and most diversified,consisting of grocery stores,department stores and specialty retail stores. SM's property arm,SM Prime Holdings,Inc.,is the largest integrated property developer in the Philippines with interests in malls,residences,offices,hotels,and convention centers as well as tourism-related property developments. SM's interests in banking are in BDO Unibank,the country's largest bank,and China Banking Corporation,the fourth largest private domestic bank.

For more information,please visit www.sminvestments.com