SM Investments’ Growth and Credit Track Record Affirmed by Recognition for Landmark Bond Offer

SM Investments Corporation, the parent company of the SM Group, continues to strengthen its market leadership with sustained growth across key sectors, including retail, banking, and integrated property development. This growth is driven by a commitment to responsible and inclusive development, solidifying SM Investments’ position as one of the Philippines’ most reputable and bankable companies.

SM Investments’ strategic growth and credit track record was recently recognized at The Asset Triple A Sustainable Finance Awards 2025, where the company was honored with the Best Bond for Corporate in the Philippines in the Best Significant Deal category. This recognition follows SM Investments’ highly successful US$500 million bond offering in 2024, which marked the largest-ever five-year issuance by a Philippine corporate and achieved the tightest-ever five-year issue spread by an unrated corporate in Southeast Asia. According to The Asset, the deal underscores SM Investments’ strong credit profile and the continued trust it enjoys from international investors.

“This recognition affirms the strength of our financial position and our unwavering commitment to growth,” said Erwin G. Pato, Executive Vice President for Treasury, Finance, and Planning at SM Investments. “The successful execution of this landmark bond offering and the positive reception from investors reflect SM Investments’ resilience and leadership in the market. As we continue to diversify and expand across various sectors, this achievement further strengthens our strategy to drive long-term, sustainable growth for the company and its stakeholders.”

The US$500 million bond offering emphasizes the growing demand for Philippine corporate debt and reinforces SM Investments’ leadership in the country’s expanding capital markets.

The Asset said the recognition highlighted “SM Investments as the first Philippine corporate issuer to access the international US dollar bond market with a benchmark-size offering since November 2021.  The deal also generated a robust investor demand with a final order book of over US$1.6 billion from 103 accounts.”

Underscoring “the Philippines as one of the savviest sovereign issuers in the region,” The Asset also shared, “issuances from the Philippines more than doubled to almost US$8.50 billion from US$4.02 billion in 2023, according to data from global financial markets, LSEG, with bond offerings from SM Investments Corporation and a number of Philippine banks.”

With a proven track record in retail, banking, and real estate, the SM Group continues to drive the Philippine economy forward, creating lasting value for shareholders, customers, and communities alike.

Now in its 25th year, The Asset Triple A Awards recognize the region’s top deals, innovative companies, and transformative leaders. SM Investments’ recognition further underscores its continued success and the growing confidence of global investors in the Philippines’ corporate sector.