Southeast Asian integrated property developer SM Prime Holdings, Inc. (SM Prime) has listed its Series S, T, and U fixed rate bond at the Philippine Dealing and Exchange Corp. (PDEx) via a virtual ceremony today.
Raising over PHP30 billion from a base offer of PHP25 billion, this marks the fifth tranche of SM Prime’s PHP100-billion worth of Debt Securities. The bonds were offered between May 8 and 12, with interest rates ranging from 6.2069% to 6.3275%.
“We are very grateful for the trust and support of the investing public, as well as to our bank partners, the PDEx, Philippine Depository & Trust Corp., and PDS Group. The success of these fixed rate bonds will allow SM Prime to further its expansion programs, creating more opportunities for Filipinos,” said SM Prime Chief Finance Officer John Nai Peng C. Ong.
The virtual ceremony was led by key figures from PDEx, Philippine Depository & Trust Corp., SM Prime, and bonds joint issue managers, BDO Capital & Investment Corporation and China Bank Capital Corporation.
These companies also acted as joint lead underwriters, along with BPI Capital Corporation, EastWest Banking Corporation, First Metro Investment Corporation, RCBC Capital Corporation, and SB Capital Investment Corporation.
SM Prime continues to commit to its role as a catalyst for economic growth, aiming to enrich the quality of life of millions through delivering innovative and sustainable lifestyle cities.
BusinessNewsAsia