SM Prime Holdings Inc. has raised P30 billion through a bond sale.
The bonds were listed in the Philippine Dealing and Exchange Corp. (PDEx) and carry the series P, Q and R due on 2027, 2029 and 2032. It is the fourth tranche of SM Prime’s P100-
billion debt securities program approved under the Securities and Exchange Commission’s (SEC) shelf registration initiative.
“The continuous strong trust and confidence from the investing public will provide SM Prime flexible funding that will enhance our expansion plans and will provide broader opportunities to more Filipinos,” said John Nai Peng C. Ong, SM Prime chief finance officer.
SM Prime said the bonds which carry coupon rates of 5.6141 percent, 6.1175 percent, and 6.5432 percent, respectively, were four times oversubscribed.
