Shopping mall operator SM Prime Holdings Inc. has sought the shelf registration of P100 billion worth of bonds at the Securities and Exchange Commission.
It plans immediately selling P25 billion of the bonds inclusive of a P5 billion oversubscription option.
Its paper consists of three-year series V bonds due 2027, five-year series W bonds due 2029 and seven-year series X bonds due 2031.
SM Prime said it received the highest rating from a local credit rating agency for the proposed bond exercise.
