SM Prime Holdings, Inc., one of the leading integrated property developers in Southeast Asia, has listed its latest P10 billion Fixed Rate Bond Series M and N offering through a virtual listing ceremony.
SM Prime Chief Finance Officer John Nai Peng C. Ong and Philippine Dealing & Exchange Corp. (PDEx) President and CEO Antonio Nakpil led the first bond listing for the Year 2021 through a virtual ceremonial event.
The joint issue managers, BDO Capital & Investment Corporation and China Bank Capital Corporation, who are also acting as joint lead underwriters along with BPI Capital, First Metro Investment Corporation, and SB Capital Investment Corporation, were also present virtually.
SM Prime’s Peso-denominated Series M is set at 2.4565 per cent due on 2023, and Series N at 3.8547 per cent due on 2026.
This issuance is the second drawdown from the Company’s P100 billion debt securities program under shelf registration registered with the Securities and Exchange Commission under SEC MSRD Order No. 6, Series of 2020. SM Prime said it remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people.