May 20,2014

SM lists retail bonds on fixed income exchange. Shown from left are BDO Capital & Investment Corporation President Eduardo V. Francisco, SM Investments Corporation (SM) Senior Vice President for Finance Franklin C. Gomez, SM Executive Vice President and CFO Jose T. Sio, PDEx Chairman & CEO Cesar B. Crisol, and First Metro Investment Corporation President Roberto Juanchito T. Dispo

The SM bonds are rated PRS Aaa by PPhilippine Rating Services Corporation, the highest rating assigned the credit rating firm.  

"Our bonds were oversubscribed early on during the offer period. This is indicative of a very liquid capital market and the confidence of investors in SM. Allow me to thank our bondholders for their support," SM Executive Vice President and Chief Finance Officer Jose T. Sio said.

The issue manager of the 7-year Series E and the 10-year Series F Bonds is BDO Capital & Investment Corporation, which is also acting as joint lead underwriter together with BPI Capital Corporation, China Banking Corporation, and First Metro Investment Corporation.

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For further information, please contact:

Ms. Corazon P. Guidote

Senior Vice President for Investor Relations

SM Investments Corporation

E-mail: cora.guidote@sminvestments.com

Tel. No. 857-0117

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