PASAY CITY, PHILIPPINES, Nov. 26, 2024 /PRNewswire/ — SM Investments Corporation (SM Investments) was recently recognized at the Asia Corporate Excellence and Sustainability Awards 2024 (ACES), earning the titles of Asia’s Most Influential Companies and Top Sustainability Advocates in Asia.

“We are grateful for the recognition and are inspired to continue to work even harder to grow responsibly and sustainably with the communities that we serve,” said Frederic C. DyBuncio, President and Chief Executive Officer of SM Investments.

The ACES Council praised SM Investments for its comprehensive approach to sustainability, which is embedded in all aspects of its operations. They noted, “Their influence extends beyond business operations, as they set benchmarks for sustainability in the Philippines and across Asia. By building integrated communities, fostering partnerships with MSMEs, and prioritizing corporate governance, SM Investments exemplifies leadership that positively impacts not just its stakeholders, but the broader socio-economic landscape.”

The council also highlighted SM Investments’ commitment to renewable energy and its focus on diversity and inclusion within its workforce. The company operates the Philippine Geothermal Production Company, which runs geothermal fields in Tiwi, Albay, and Makban, Quezon, while exploring additional sources across six provinces.

With a workforce exceeding 130,000, SM Investments is notable for its gender diversity, with 63% of its employees being women, and 58% of leadership roles filled by women.

Established in 2014, the ACES Awards aim to showcase the achievements of Asian companies to the global business community, supported by a council of experts in academia, sustainability, and public policy.

About SM Investments Corporation

SM Investments Corporation is one of the leading Philippine companies that is invested in market-leading businesses in retail, banking, and property. It also invests in ventures that capture high growth opportunities in the emerging Philippine economy.

SM’s retail operations are the country’s largest and most diversified, consisting of grocery stores, department stores and specialty retail stores. SM’s property arm, SM Prime Holdings, Inc., is the largest integrated property developer in the Philippines with interests in malls, residences, offices, hotels, and convention centers as well as tourism-related property developments. SM’s interests in banking are in BDO Unibank, Inc., the country’s largest bank, and China Banking Corporation, the fourth largest private domestic bank.

For more information, please visit www.sminvestments.com

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NEW YORK, Nov. 26, 2024 /PRNewswire/ — The Steering Committee of the Ad Hoc Group of Sri Lanka Bondholders (the “Ad Hoc Group” or the “Steering Committee”) is pleased to announce its support for the restructuring terms of all 11 series of Sri Lanka’s c.$12.55 billion in outstanding sovereign bonds, as detailed in the Republic of Sri Lanka’s Exchange Offer and Consent Solicitation Memorandum (the “Invitation”) published today.

The Ad Hoc Group represents a diverse and significant cross-section of international holders of Sri Lanka’s sovereign bonds, collectively holding approximately 40% of Sri Lanka’s total outstanding sovereign bonds.  The Steering Committee of the Ad Hoc Group includes, among others, funds and/or accounts managed or advised by Amundi Asset Management, Barings LLC, BlackRock and its subsidiaries, Eaton Vance Management, Fidelity International, Grantham, Mayo, Van Otterloo & Co. LLC, HBK Capital Management, Morgan Stanley Investment Management, Neuberger Berman, T. Rowe Price Associates, Inc., and Wellington Management. The Ad Hoc Group is advised by White & Case LLP as its legal counsel, and Rothschild & Co. as financial advisor. 

In the two and a half years following Sri Lanka’s default in 2022, the Ad Hoc Group has engaged in constructive dialogue with the Sri Lankan authorities to define the terms of a bond restructuring aimed at returning the country to the path of debt sustainability and ensuring fair and balanced treatment of bondholders.  The Ad Hoc Group has also cooperated with the Local Consortium of Sri Lanka (“LCSL”), which is understood to consist of 11 members and controls approximately 12% of Sri Lanka’s outstanding sovereign bonds, to seek a comprehensive and joint solution for Sri Lanka. Together, the Ad Hoc Group and the LCSL members represent over 50% of the total outstanding amount of Sri Lanka’s sovereign bonds.

This dialogue led to the Agreement in Principle (the “AIP”) on the core terms of the sovereign bond restructuring announced on September 19, 2024, reached with both the Ad Hoc Group and the LCSL. The IMF has subsequently confirmed that the terms are consistent with the debt targets and other key parameters of Sri Lanka’s IMF-supported program, and Sri Lanka’s Official Creditor Committee confirmed that the terms meet the comparability of treatment principle.

Early in the negotiations, the Steering Committee introduced two new instruments – Macro-Linked Bonds (MLBs) and Governance-Linked Bonds (GLBs) – whose payouts are linked, respectively, to the economic performance of Sri Lanka during the IMF program period and the achievement by Sri Lanka of certain concrete governance objectives. The Steering Committee is pleased that these innovative instruments have been included as key pillars of the restructuring solution reflected in the Invitation.

Since the announcement of the AIP, the Steering Committee and its advisors have worked collaboratively with the Sri Lankan government and its advisory team to refine the terms of the new securities to be offered to bondholders as part of the Invitation, whilst maintaining close cooperation with the LCSL.

The Steering Committee strongly supports the terms of the bond restructuring outlined in today’s Invitation, which reflect the key legal and financial terms outlined in the AIP. Members of the Steering Committee confirm their intention to participate in the Invitiation by tendering their outstanding bonds and providing their consents. They believe that the successful completion of the transactions contemplated by the Invitation and the debt relief provided under the restructuring terms will make a substantial contribution to ensuring the sustainability of Sri Lanka’s external debt in the medium term, paving the way for the country to achieve strong, sustainable, and inclusive economic growth.

The Steering Committee encourages all holders of Sri Lanka’s international bonds to review the documentation published by Sri Lanka today, note the respective instructions and deadlines embedded in the Invitation, and participate in the exchange as early as possible.

Inquiries relating to the position of the Steering Committee set forth in this announcement may be directed to the Group’s financial or legal advisors at [email protected] and/or [email protected].

Media inquiries should be directed to Greenbrook at the addresses below:

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Diane Lansard, further expands Premialab’s marketing footprint bringing in her extensive banking and asset management expertise to the fintech dedicated to quantitative investment strategies.

LONDON, Nov. 26, 2024 /PRNewswire/ — Premialab announces the appointment of Diane Lansard, as Head of Marketing. Based in London, Ms. Lansard will lead the marketing strategy of the leading independent platform dedicated to quantitative strategies. Before joining PremiaLab, Ms. Lansard served a wide range of institutional clients in buy-and sell-side leadership roles at BNP Paribas, AXA, Bloomberg, and M&G Investments.

Ms. Lansard has over 15 years’ experience in banking, asset management and fintech solutions. She will be responsible to execute and scale Premialab’s marketing initiatives, providing data and analytics solutions to asset managers, pension funds, insurance companies and sovereign wealth funds globally.

Adrien Geliot, CEO of Premialab, said: “We are thrilled to welcome Diane to our team as we continue to scale our presence globally. Her extensive experience in finance and innovative approach to marketing, will play a pivotal role in driving our growth efforts. Diane’s expertise will further strengthen our position as a leader in data and analytics for institutional investors.”

The announcement follows recent senior appointments at Premialab including John Macpherson, former Managing Director at Goldman Sachs, Citibank, and Nomura; Marc Fisher, former Managing Director at Citibank with a prior position at Deutsche Bank; and Georgios Sittas, former Managing Director at HSBC, Standard Chartered, and previously a director at Lehman Brothers.

Recognized as the leading independent platform for data and analytics on quantitative strategies, Premialab’s capital markets infrastructure is currently used by leading institutional investors, accelerating their digitalization and enhancing performance and risk control while reducing costs. The Platform is already providing data to institutional clients representing over $20 Trillion of assets under management.

Notes to Editors

About PremiaLab

Premialabis the leading independent platform providing data, analytics and risk solutions on quantitative and multi-asset strategies in collaboration with leading investment banks and institutional investors globally. Combining intelligent technology with a unique source of information the platform empowers asset allocators to make better investment decisions whilst achieving utmost time and cost efficiency.

With offices in London, Paris, New York, Hong Kong, Sydney, and Dubai, its international team is dedicated to supporting a global client base with the most up-to-date QIS dataset, advanced portfolio construction, performance and risk analytics. The firm has established strong partnerships with the top 18 investments banks, global asset managers, pensions funds and insurance companies.

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For more information please visit: www.premialab.com

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