8 August 2013. Pasay City, Philippines. SM Investments Corporation would like to clarify a news article released by Bloomberg with regard to a US$300 million loan that the company is allegedly currently marketing to fixed-income investors. 

The loan that the article is referring to is a USD300 million five-year loan secured last May 15, 2013 from Standard Chartered Bank (SCB) as the Mandated Lead Arranger and Bookrunner. SCB as bookrunner has completed senior syndication with a specific group of banks and is currently in general syndication.  Simply put, the syndicated facility is currently being marketed by a group of banks led by SCB.

This clarification is being made to inform the Philippine regulators and our existing investors that SM is not issuing a fresh loan at this time. Any further primary issues by SM Investments will be duly announced and coursed through the proper regulatory channels. 

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

Date: Thursday, August 8, 2013

Source: SMIC Investor Relations