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BRIEF-Philippines' SM Investments to issue next tranche of retail bonds in H1 2017
December 9, 2016 / 1:41 AM / a year ago

BRIEF-Philippines' SM Investments to issue next tranche of retail bonds in H1 2017

Dec 9 (Reuters) - Philippines’ SM Investments Corp

* Says will issue next tranche of retail bonds in first half 2017

* SM is allowed by the Securities and Exchange Commission to sell up to 50 billion pesos ($1 billion) retail bonds in 3 years.

* Retail bonds to help finance the 85 billion pesos capital spending next year for property, banking and retail businesses Further company coverage: ($1 = 49.7650 Philippine pesos) (Reporting by Neil Jerome Morales)

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