Philippine mall-to-banking group SM Investments Corp. (SMIC) is to hold a domestic roadshow next week ahead of the sale of up to P10 billion ($210 million) in bonds, the lead underwriter said on Friday.

The group is selling five- and seven-year bonds. It initially plans to sell P5 billion worth of bonds but has an option to double it.

Ed Francisco, executive vice president at BDO Capital Investment Corp., said the roadshow would start on Monday and the bonds would be priced next Friday before going on offer for eight days from June 8.

In April, Francisco said the bonds will have an indicative yield of 150 to 200 basis points over comparable government securities in the secondary market.

The best bid for the government's 5-year bond was at 6.1396 percent and the seven-year debt at 7.3292 percent.

The roadshow will kick off in Manila on Monday, and will move to southern Davao province on Tuesday and then to Cebu in central Philippines on Wednesday, Francisco said.

BDO Capital is a unit of Banco de Oro Unibank, a subsidiary of SMIC.