SM to issue up to P15 Billion Fixed Rate Retail Bonds

SM Investments Corporation (SM) announced today that its Board of Directors approved the issuance of Fixed Rate Peso Retail Bonds worth Php10 Billion with an option for oversubscription for another Php5 Billion. The bonds will be offered in one or two tranches with tenors of 7 and/or 10 years.

SM has appointed BDO Capital and Investment Corp. as the issue manager for the offering. The proceeds of the bonds will be used to refinance maturing debt and for various expansion projects.

The Board of Directors also authorized the management to negotiate and finalize the terms and conditions, including pricing, tenor, and any increase in issuance amount, and execute any and all documents necessary, to implement the retail bond issue.

For further information, please contact:

Ms. Corazon P. Guidote
Senior Vice President for Investor Relations
SM Investments Corporation
Tel. No. 857-0117

Date: Monday, February 17, 2014