SHOPPING mall operator SM Prime Holdings Inc. (SMPH) on Tuesday has set the interest rates for its five-seven- and 10-year P30 billion retail bonds, in which the company priced higher than the secondary market rates. In a statement, SMPH said it its Series P, 5-year retail bond is priced 5.6141…
SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, has set the interest rate for its P10 billion Peso-denominated Series O, 7-year retail bond at 5.0994 percent. In a disclosure to the Philippine Stock Exchange, SM Prime said it issued an aggregate principa
Property developer SM Prime Holdings Inc. on Tuesday said it has priced its P10-billion seven-year bond sale at a coupon rate of 5.0994 percent per annum. The said rate is higher than the secondary market trading of 4.3981 percent. The company will sell an initial P5 billion and another P5…
SM Prime sets rate for P10-billion seven-year bond offer at 5 0994% bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
January 27, 2021 | 12:07 am Font Size
AAA
PROPERTY developer SM Prime Holdings, Inc. has set the interest rate of its retail bonds due on 2023 at 2.4565%, while those due on 2026 at 3.8547%, it said in a regulatory filing on Tuesday.
The peso-denominated 2.5-year series M and the five-year series N retail bonds will be offered to investors from Jan. 25 to 29, after receiving the necessary permit from the Securities and Exchange Commission (SEC). They will be issued on Feb. 5.
SM Prime is issuing an aggregate principal amount of P5 billion for the two bonds with an oversubscription option of an additional P5 billion.
“The proceeds of the retail bonds will allow SM Prime to continue its expansion plans in its core business, which will further drive the company’s growth,” SM Prime Chief Finance Officer John Nai Peng C. Ong was quoted as saying.