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Manila Bulletin devider Business devider SM Prime lists P30-B retail bonds

SM Prime lists P30-B retail bonds

Published Apr 22, 2022 04:47 pm

SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, has listed its P30-billion fixed rate bond at the Philippine Dealing and Exchange Corp.

The firm said its Series P, Q and R due in 2027, 2029 and 2032, respectively, is the fourth tranche of SM Prime’s P100-billion worth of Debt Securities under shelf registration.

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“The overwhelming success of this latest fixed rate bonds has shown the strong interests of fixed income investors,” said SM Prime Chief Finance Officer John Nai Peng C. Ong.

He added that, “This support that we received will further fuel our Company’s pursuit of a better tomorrow filled with remarkable partnerships, and safer and brighter future.”

SM Prime’s latest bonds, which was four times oversubscribed, was offered last April 7 to 13, 2022, with interest rates of 5.6141 percent p.a for Series P, 6.1175 percent p.a. for Series Q, and 6.5432 percent p.a. for Series R.

“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,” Ong noted.

The ceremonial listing was led by Philippine Dealing & Exchange Corp. (PDEx) President and CEO Antonio Nakpil and Ong along with the bonds joint issue managers, BDO Capital & Investment Corporation and China Bank Capital Corporation.

The joint issue managers BDO Capital and China Bank Capital 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 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.

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SM Prime Holdings Inc. John Nai Peng C. Ong
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