SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Sep 17, 2018

2. SEC Identification Number

A200110402

3. BIR Tax Identification No.

213-054-503

4. Exact name of issuer as specified in its charter

SBS PHILIPPINES CORPORATION

5. Province, country or other jurisdiction of incorporation

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

10 RESTHAVEN STREET, SAN FRANCISCO DEL MONTE, QUEZON CITY Postal Code 1105

8. Issuer's telephone number, including area code

(02) 371-1111

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	1,549,999,999

11. Indicate the item numbers reported herein

ITEM 9: OTHER EVENTS

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

SBS Philippines CorporationSBS

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Mortgage of the Company's property to guaranty a portion of the loan of its affiliate, CLEON PHILS. HOLDINGS CORP. ("Cleon").
Background/Description of the Disclosure
The Board of Directors of SBS Philippines Corporation’s (the “Corporation”) today approved the mortgage of its property located along Ayala Avenue, Makati City (the “Ayala Property”) to guaranty a portion of the loan of its affiliate, CLEON PHILS. HOLDINGS CORP. ("Cleon"). As the Ayala Property is currently mortgaged with another bank to guaranty the Corporation’s own loan, other affiliates of the Corporation will substitute with their assets to guaranty the current loan being covered by the Ayala Property. The aforesaid transactions are being done to free up Cleon’s Mandaluyong Property from its current mortgage in anticipation of a potential profitable venture of Cleon that will benefit the Corporation.
Other Relevant Information
N/A