SM Investments Corp., the flagship of the Sy family’s SM Group, reported that it continues to strengthen its market leadership with sustained growth across key sectors, including retail, banking, and integrated property development.
In a statement, the conglomerate said, “This growth is driven by a commitment to responsible and inclusive development, solidifying SM Investments’ position as one of the Philippines’ most reputable and bankable companies.”
SM Investments’ strategic growth and credit track record was recently recognized at The Asset Triple A Sustainable Finance Awards 2025, where the company was honored with the Best Bond for Corporate in the Philippines in the Best Significant Deal category.
This recognition follows SM Investments’ highly successful $500 million bond offering in 2024, which marked the largest-ever five-year issuance by a Philippine corporate and achieved the tightest-ever five-year issue spread by an unrated corporate in Southeast Asia.
According to The Asset, the deal underscores SM Investments’ strong credit profile and the continued trust it enjoys from international investors.
“This recognition affirms the strength of our financial position and our unwavering commitment to growth,” said Erwin G. Pato, executive vice president for treasury, finance, and planning at SM Investments.
He added that, “The successful execution of this landmark bond offering and the positive reception from investors reflect SM Investments’ resilience and leadership in the market.
“As we continue to diversify and expand across various sectors, this achievement further strengthens our strategy to drive long-term, sustainable growth for the company and its stakeholders.”
The $500 million bond offering emphasizes the growing demand for Philippine corporate debt and reinforces SM Investments’ leadership in the country’s expanding capital markets.
The Asset said the recognition highlighted SM Investments as “the first Philippine corporate issuer to access the international US dollar bond market with a benchmark-size offering since November 2021. The deal also generated a robust investor demand with a final order book of over $1.6 billion from 103 accounts.”
Underscoring the Philippines as “one of the savviest sovereign issuers in the region,” The Asset also shared that, “issuances from the Philippines more than doubled to almost $8.5 billion from $4.02 billion in 2023, according to data from global financial markets, LSEG, with bond offerings from SM Investments and a number of Philippine banks.”