Stats ChipPac delays bond but SM goes on the road
SM Investments, the Philippines’ second biggest listed company, is meeting investors next week before a planned dollar bond sale via UBS. SM, the country’s biggest supermarket and shopping mall operator, will be hoping the debt market recovers from its holiday blues, after more choppy conditions and market breaks in Hong Kong and the US this week led Stats ChipPac to delay its $1bn high yielder until early next week. Read EuroWeek this week for a round-up of what to expect after the Independence Day lull.
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