Shopping mall operator SM Prime Holdings Inc. on Tuesday listed over P30 billion in fixed rate bonds at Philippine Dealing and Exchange Corp.
The company raised over P30 billion from its base offer of P25 billion, the fifth tranche of SM Prime’s P100-billion bond under shelf registration.
“We are very grateful for the trust and support of the investing public, as well as to our bank
partners, the Philippine Dealing and Exchange Corp., Philippine Depository and Trust Corp., and PDS Group. The success of this latest fixed rate bonds will give SM Prime further capabilities to pursue its expansion programs of creating more opportunities for more Filipinos to build a better nation,” John Nai Peng C. Ong, SM Prime CFO, said.
SM Prime’s fixed rate bonds Series S, T, and U were offered from 8 to 12 May this year with interest rates of 6.2069 percent, 6.2151 percent, and 6.3275 percent, respectively.
The joint issue managers were BDO Capital and Investment Corp. and China Bank Capital Corp., who also acted as joint lead underwriters along with BPI Capital Corp., EastWest Bank Corp., First Metro Investment Corp., RCBC Capital Corp. and SB Capital Investment Corp.
