by Amruth Sundarkumar | May 16, 2023 | High Yield Bonds, Southeast Asia
Dollar perps of SMC Global rebounded by 2-3 points after the company reported a 27% YoY jump in it Q1 profits. The conglomerate reported PHP 17.7bn ($320mm) in net profits with its operating income also rising by 8% to PHP 35.1bn ($630mn). The company’s revenues...
by Amruth Sundarkumar | Jan 17, 2023 | Financial News
Dollar bonds of Philippines corporates like SMC Global, ICTSI, Manila Water, Vista Land etc. traded lower by over 2 points on Monday, as seen in the chart above. The reason for the move was not clear.
by Amruth Sundarkumar | Nov 7, 2022 | Perpetual Bonds, Southeast Asia
SMC Global Power has accepted to buy back $123.9mn of its dollar perpetual bonds under its tender offer that ended on November 4. It agreed to buy back: $16.84mn of its 6.5% perps callable in 2024, which are currently trading at 68.4 $7.9mn of its 5.95% perps callable...
by Amruth Sundarkumar | Oct 26, 2022 | Corporates, Perpetual Bonds
San Miguel’s SMC Global Power has launched a buyback of up to $400mn of its outstanding senior perps, offering: $680 per $1,000 in principal for its 6.5% perps callable in 2024, which are currently trading at 67.29 $660 per $1,000 in principal for its 5.95%...
by Amruth Sundarkumar | Oct 14, 2022 | Corporates, High Yield Bonds, Perpetual Bonds
SMC Global Power’s perpetual dollar bonds dropped by over 10% yesterday. For instance, its SMC’s 5.7% Perp and 6.5% Perp fell by 10-14% to 66.95 and 71.85 cents on the dollar, yielding 19.96% and 31.12% to call. As per a report by Bloomberg Intelligence,...
