SY-LED SM Investments Corp. (SMIC) has tapped financial institutions to arrange fixed income investor meetings in Asia and Europe that were to start Tuesday for a possible issuance of dollar-denominated five-year notes, to be drawn from its Singapore unit's $3-billion euro medium term note (EMTN) program.
"A USD-denominated benchmark-sized Regulation S offering of five-year senior notes by SMIC SG Holdings Pte. Ltd. (the 'Issuer') guaranteed by SMIC may follow, subject to market conditions," the company told the stock exchange.
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