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THE GIST
NEWS AND FEATURES
Global Philippines Fine Living
INSIGHTS
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
WEBINARS
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
DOWNLOADS
equities-3may23-2
Consensus Pricing
Consensus Pricing – June 2025
June 25, 2025 DOWNLOAD
Two people discussing a chart on a tablet
Economic Updates
Policy Rate Update: Dovish BSP Narrows IRD 
June 19, 2025 DOWNLOAD
grocery-2-aa
Economic Updates
Inflation Update: Prices rise even slower in May 
June 5, 2025 DOWNLOAD
View all Reports
BusinessWorld 1 MIN READ

SMC Tollways lists PHP 35-B fixed-rate bonds

December 6, 2024By BusinessWorld
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SMC Tollways Corp. (SMCTC) listed its PHP 35-billion fixed-rate bond issuance at the Philippine Dealing & Exchange (PDEx) on Thursday as part of the company’s funding initiatives.

The bond offer consisted of P30 billion with an oversubscription option of PHP 5 billion, SMCTC said in an e-mailed statement.

It was given a “PRS Aaa” with a stable outlook credit rating by the Philippine Rating Services Corp.

Proceeds from the bond issuance will be earmarked to refinance existing debt and support the Skyway System’s expansion, which consists of Skyway Stage 1, Skyway Stage 2, Skyway Stage 3, and the Skyway Extension.

SMCTC is a subsidiary of San Miguel Corp.’s (SMC) infrastructure unit, which also operates the South Luzon Expressway, Southern Tagalog Arterial Road, Tarlac-Pangasinan-La Union Expressway, and the NAIA Expressway.

For the first nine months, SMC saw a 19% increase in net income to PHP 37.1 billion as revenue increased by 11% to PHP 1.2 trillion, led by higher sales volumes in its power, fuel & oil, food, and spirits businesses.

SMC shares were unchanged at P88 apiece on Thursday. — Revin Mikhael D. Ochave

This article originally appeared on bworldonline.com

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