Shopping mall operator SM Prime Holdings Inc. has priced its peso-denominated three-year fixed rate bonds at 6.5754 percent when the Series V paper begins selling in two days.
Its five-year Series W bonds will yield 6.7537 percent while the seven-year Series X has a rate of 6.9650 percent.
SM Prime Holdings targets generating P20 billion from the bond sale with oversubscription option of an additional P5 billion.
The exercise forms part of the company’s P100 billion shelf registration approved by Stock and Exchange Commission on 23 May this year. The bonds sell from 7 to 14 June this year.
