SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, has successfully listing its P10 billion Retail Bond Series O at the Philippine Dealing & Exchange Corp. (PDEx).
In a statement, the firm said SM Prime Chief Finance Officer John Nai Peng C. Ong and PDEx President and CEO Antonio Nakpil led the ceremonial event.
Also in represented were joint issue managers, BDO Capital & Investment Corporation and China Bank Capital Corporation, who are also acting as joint lead underwriters along with BPI Capital Corporation, East West Banking Corporation, First Metro Investment Corporation, RCBC Capital Investment Corporation and SB Capital Investment Corporation.
SM Prime’s Peso-denominated Series O is set at 5.0994 per cent due on 2028.
This issuance is the third tranche of debt securities to be issued from SM Prime’s PHP100 billion Debt Securities Program registered with the Securities and Exchange Commission.
“The proceeds of this latest retail bond will be used to pursue expansion opportunities across our business segments, which will help sustain the Company’s growth,” Ong said.
Similar to its previous bond issues, the SM Prime Series O bond has been rated PRS Aaa by Philippine Rating Services Corporation (PhilRatings). A rating of PRS Aaa is the highest rating assigned by PhilRatings.
This rating is given to long-term debt securities with the smallest degree of investment risk. This also indicates SM Prime’s strong capability to meet its financial commitment.
SM Prime 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.