SMIC raises $400m after bond swap

Philippine conglomerate SM Investments Corp will launch a $400m 2017 bond issue after closing the first ever liability management exercise from a Philippine corporate in the international bond market, lengthening its maturity profile and locking in low funding costs in the process.

  • 07 Oct 2010
It sold around $186.3m of the $400m to new investors and the rest was placed with investors who agreed to swap outstanding bonds issued by SMIC. Lead managers Citi and HSBC — alongside BDO as joint deal manager and co-manager — had approached investors with the plan to ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 Jan 2017
1 Citi 8,940.33 44 7.62%
2 JPMorgan 8,642.90 35 7.36%
3 Deutsche Bank 6,900.99 32 5.88%
4 Bank of America Merrill Lynch 6,182.44 32 5.27%
5 Credit Suisse 5,391.91 30 4.59%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 2,899.30 12 10.92%
2 Deutsche Bank 2,770.97 7 10.44%
3 Citi 1,702.87 11 6.41%
4 SG Corporate & Investment Banking 1,477.67 11 5.57%
5 JPMorgan 1,333.78 6 5.02%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 791.48 6 11.55%
2 Bank of America Merrill Lynch 578.44 4 8.44%
3 Deutsche Bank 551.25 5 8.04%
4 HSBC 506.07 7 7.38%
5 NatWest Markets 492.10 6 7.18%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 2,219.41 10 10.62%
2 Jefferies LLC 2,201.25 3 10.54%
3 Morgan Stanley 2,098.45 9 10.04%
4 JPMorgan 1,685.73 12 8.07%
5 Bank of America Merrill Lynch 1,483.26 13 7.10%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 3,285.81 8 8.84%
2 BNP Paribas 3,005.67 13 8.09%
3 Citi 2,347.64 13 6.32%
4 Credit Suisse 2,261.58 8 6.09%
5 Mizuho 2,130.56 8 5.73%