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THE GIST
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Global Philippines Fine Living
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Economy Stocks Bonds Currencies
THE BASICS
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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
economy-ss-8
Inflation Update: Weak demand softens shocks
July 4, 2025 DOWNLOAD
948 x 535 px AdobeStock_433552847
Economic Updates
Monthly Economic Update: Fed cuts incoming   
June 30, 2025 DOWNLOAD
equities-3may23-2
Consensus Pricing
Consensus Pricing – June 2025
June 25, 2025 DOWNLOAD
View all Reports

Tag: perpetual bonds

Investment Tips 8 MIN READ

Ask Your Advisor: Where do I reinvest the proceeds from my perpetual bonds? 

With the recent decision of San Miguel Global Power to call on its 6.5% perpetual bonds, one investor was suddenly flush with cash. He wants to know what to do with the money.

April 26, 2024By EA Aguirre
Two hands working, with the left hand on the keyboard of a laptop computer and the right hand holding a pen. On the foreground there is silhouette image of stacked coins and a line graph.

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On April 25, 2024, San Miguel’s SMC Global Power called on its 6.5% perpetual bonds, which are bonds with no maturity date. With perpetual bonds, the company just pays the interest to the holders of the bonds without paying back the whole amount borrowed.

However, the company now decided to call on the perpetual bonds and pay back what it borrowed from the bondholders and stop paying the interest.

This left some investors suddenly flush with cash. One investor called up and said, “Where do I invest my money now?”

Fortunately, there is no lack of opportunities. With the higher USD/PHP exchange rate, several local investors are expected to convert their proceeds back to Philippine pesos.

We see reinvestment opportunities in global credits and even local bonds. US Treasury yields are approach

Read More Articles About:
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