CONGLOMERATE SM Investments Corp. (SMIC) is subscribing to 41.66 percent of BDO Unibank Inc.’s planned P60-billion stock rights offering to help its banking subsidiary raise more money for lending.

Jose T. Sio, SMIC chief financial officer, recently told reporters that SMIC will buy P25 billion of the P60- billion BDO share sale as the bank intends to loan out funds for various infrastructure and expansion projects.

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