The Sy family-led SM Group hired international and local banks for a series of investor meetings as it prepares to offer five-year notes from a $3 billion offshore debt facility to support growth.
Family conglomerate SM Investments Corp. appointed HSBC, J.P. Morgan, Standard Chartered Bank, and UBS as joint lead managers and bookrunners, with BDO Capital and Chinabank Capital as joint lead managers, to conduct fixed income investor meetings in Asia and Europe starting July 16.
“A USD-denominated benchmark-sized five-year senior notes offering by SMIC SG Holdings Pte. Ltd., guaranteed by SMIC, may follow based on market conditions,” SM Investments said on Tuesday.
The notes are part of SM’s $3 billion euro medium term note programme.
SyCip Salazar Hernandez & Gatmaitan and Latham & Watkins LLP are the legal advisers for the issuer and guarantor, while Picazo Buyco Tan Fider & Santos and Linklaters Singapore Pte. Ltd. represent the joint lead managers and bookrunners.
