The investment holding company of the Sy family said the notes issuance was 3.2 times oversubscribed, with final demand reaching $1.6 billion.
The net proceeds from the fund raising activity will be allocated for general corporate purposes.
Issued by SMIC's wholly owned subsidiary, SMIC SG Holdings Pte. Ltd., the notes will be listed on the Singapore Exchange Securities Trading Ltd.
SMIC said the notes were priced at a yield of 5.466 percent, 135 basis points above the US treasury benchmark.
Esta historia es de la edición July 19, 2024 de The Philippine Star.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición July 19, 2024 de The Philippine Star.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Gauff ousted; Zheng wins past 2 a.m.
Coco Gauff joined Novak Djokovic and Carlos Alcaraz on the US Open scrap-heap Sunday as the defending champion crashed out to Emma Navarro in a blizzard of mistakes as China’s Zheng Qinwen won a record-setting 2:15 a.m. finish.
MOTION DENIED, PLDT FIGHTS ON
” The PLDT High Speed Hitters made this vow after their protest concerning an alleged net touch in the most critical moment of their semifinal loss to Akari at the MOA Arena Thursday was junked by the PVL Sunday night.
Packworks wins global award for empowering grassroot entrepreneurs
Packworks, a Filipino startup that provides a business-to-business (B2B) open platform to sari-sari stores, recently bagged the Bronze Stevie Award as \"Company of the Year - Computer Software - Medium-size\" category at the 21st Annual International Business Awards.
Ayala unit charting course as premier hotel company
Ayala Land Inc. (ALI)’s hospitality arm is charting a course to become a premier hotel company under the leadership of president and CEO George Aquino.
SEC eyes incentives for firms complying with requirements
The Securities and Exchange Commission (SEC) is looking at incentives to entice corporations to comply with reportorial requirements.
Manufacturing growth holds steady in August
Manufacturing activity expanded at a steady pace in August despite weak demand for products in international markets, according to S&P Global.
The legacy of Hans Sy in retail transformation
In the fast-paced world of retail, adaptation isn’t just a strategy but a foundation of success. Few exemplify this better than Hans Sy, the visionary force behind SM Prime Holdings. His profound insights into consumer behavior and retail evolution are reshaping the industry’s landscape.
Market gets boost from lower inflation
Positive cues from Wall Street coupled with expectations of lower inflation in August boosted investor sentiment during the first trading day of September.
DA ready to sell rice at P40 per kilo
The Department of Agriculture (DA) said it may sell rice at P40 per kilogram if prevailing retail market prices soften as soon as more imported rice slapped with lower tariff rate arrives in the country in the coming months.
Raw sugar output seen dropping to 25-year low
The country’s raw sugar production could fall below 1.8 million metric tons MT) in the new crop year, the lowest level in 25 years, after farms reeled from the effects of El Nino, resulting in stunted growth of sugarcanes.
