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SM Investments secures $500M from sale of notes

Business Mirror LogoBusiness Mirror20h ago

SM Investments secures $500M from sale of notes - Business Mirror

Quick Summary:

Conglomerate SM Investments Corp.(SMIC) has raised some $500 million from its notes issuance, its first drawdown from its $3-billion multi-issuer Euro Medium-Term Notes (EMTN) program established last May.

Core to DyBuncio’s plans are the outlooks for 2GO Group Inc., the country’s largest integrated supply chain operator, as the logistics sector grows at twice the pace of the economy.

Meanwhile, Philippine Geothermal Production Co.will develop six to seven greenfield projects in five years to double capacity and benefit from the shift to renewable energy, he said.


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Article Details

Author / Journalist: VG Cabuag

Category: BusinessStartups

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 16:02:00 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 430 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21675646

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About Business Mirror

Business Mirror Logo

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 39 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 10 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

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The story "SM Investments secures $500M from sale of notes" was covered 20 hours ago by Business Mirror, a news publisher based in Philippines.

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