SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, listed its P30-billion worth of fixed rate bonds at Philippine Dealing and Exchange Corp. (PDEx) through a virtual ceremony on April 22.
The company’s Series P, Q, and R due on 2027, 2029, and 2032, respectively, are the fourth tranche of SM Prime’s P100-billion worth of debt securities, under shelf registration.
“The overwhelming success of this latest fixed rate bonds has shown the strong interests of fixed income investors. This support that we received will further fuel our Company’s pursuit of a better tomorrow filled with remarkable partnerships, and safer and brighter future,” said SM Prime chief finance officer John Nai Peng Ong.
SM Prime’s latest bonds, which were 4 times oversubscribed, was offered on April 7 to 13, 2022, with interest rates of 5.6141 percent yearly for Series P, 6.1175 percent for Series Q, and 6.5432 percent p.a. for Series R.
