SMC Global Power Holdings Corp. on Wednesday successfully listed P30 billion of fixed-rate bonds with Philippine Dealing & Exchange Corp. out of its total shelf registration of P60 billion
PDS Group president Ma. Theresa Ravalo welcomed again SMC Global Power, a unit of conglomerate San Miguel Corp., for the listing of the fixed-rate bonds.
“We are delighted to note that since its debut three years ago, San Miguel Global Power has issued and listed their securities every year. And this year, with an oversubscribed issuance, it is a testament to the SMCGP corporate name that it is able to tap the market in a sizeable amount amid competition from large issues of financial institutions,” Ravalo said.
SMC Global general manager Elenita Go expressed appreciation of the successful bond offering, the first tranche of a ₱60-billion shelf-registered retail bonds, and the fourth local bond issuance overall.
“The funds provided by these bonds come at an opportune time as our country faces the daunting challenge of ensuring that adequate and affordable supply of power is available to meet our constantly growing demand,” said Go.
“SMC Global Power stands ready to take on these challenges, and pursue a business model and an expansion strategy, all within a culture of excellence and innovation, that not only supports the government’s national and regional energy policies and needs, but also unequivocally show that there are better ways of conducting day-to-day business operations in a socially and environmentally responsible manner,” she said.
Go said SMC Global Power supported an inclusive growth and did not focus merely on its own bottom line.
“While we make things work to pursue our corporate goals, SMC Global Power does not compromise things that are important to us and our children, such as preserving, if not improving, the conditions in the communities where we do business,” she said.
SMC Global’s issue managers includes BDO Capital, BPI Capital, China Bank Capital, PNB Capital, RCBC Capital and SB Capital. It tapped PNB Trust as trustee and Bank of Commerce, KPMG and the Insurance Commission as selling agents.
