SB Capital, the wholly-owned investment-banking arm of Security Bank, is supporting yet another conglomerate’s quest for capital-raising in the local market. The investment house was tapped as the sole issue manager and underwriter for a bond offering by DMCI Homes, a major property developer and the housing development arm of PSE-listed holding firm DMCI Holdings Inc. This is DMCI Homes’ first-ever issuance of a Securities and Exchange Commission (SEC)-registered public security.
SB Capital has launched the first P500 million out of an approved P1-billion total issuance of HomeSaver Bonds by DMCI Homes.
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.
“Given the multiple structures being offered, this bond caters to just about 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,” said Ricky Galang, president of SB Capital. “This bond is one of the most attractive bond offerings in the country today.” Depending on the preferred tenure, the bonds come with fixed interest rates of 4.5 percent or 5 percent per annum.