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SM Investments Corp. plans to raise as much as P30 billion in the next three years, with an initial P15 billion to be raised immediately.
The company has submitted to the Securities and Exchange Commission the registration statement for the planned fund raising for its three-year shelf-registration.
SM Investments said local credit rater Philippine Ratings Services Corp. (PhilRatings) assigned a rating of PRS Aaa for the initial P15 billion that will be raised immediately.
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PRS Aaa, the highest rating assigned by PhilRatings, denotes that such obligations are of the highest quality with minimal credit risk and that the issuing company’s capacity to meet its financial commitment on the obligations is extremely strong.
