SB Capital underwrites DMCI bond
(The Philippine Star) - October 13, 2015 - 12:00am

MANILA, Philippines - SB Capital, the wholly-owned investment banking arm of Security Banking Corp., was tapped as the sole issue manager and underwriter for a P500-million HomeSaver bond offering by DMCI Homes, a major property developer and the housing development arm of DMCI Holdings Inc. Depending on the preferred tenure, the bonds come with fixed interest rates of 4.5 percent or five percent per annum. Investors can choose bond tenures of three-years or five-years depending on their specific investment objectives. SB Capital is also providing investors the option to make monthly or a one-time investment on the bonds DMCI Homes is issuing. SB Capital president Ricky Galang said given the multiple structures being offered, the bond caters to every investor looking to secure interest earnings and can also serve to help DMCI Homes’ customers in saving up for the down payment on a future purchase of their home. One of the leaders in Philippine capital markets, SB Capital, has been attracting both fund managers (investors) and mid-cap firms (issuers) in the past few years especially after the successful initial public offer and listing of consumer technology firm, Xurpas Inc. Its recent success is attracting major leagues like DMCI Homes in building up capital to finance expansion needs and other corporate expenses.

 

BOND CAPITAL DMCI HOLDINGS INC HOMES INVESTMENT INVESTORS RICKY GALANG SECURITY BANKING CORP XURPAS INC YEARS
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