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Philippines’ SM Prime to offer PHP 15 billion five-, seven-year bonds
By Marisa Wong
Morgantown, W.Va., Jan. 16 – SM Prime Holdings Inc. said it plans to issue PHP 15 billion of fixed-rate bonds with an up to PHP 5 billion oversubscription option.
The bonds will have maturities of five and seven years.
The proposed issuance is under the company’s PHP 60 billion shelf registration of fixed-rate bonds approved by the Philippine Securities and Exchange Commission in July 2016.
The shopping mall and retail operator is based in Pasay City, Philippines.
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