SM Prime Holdings, Inc. Lists P25 Billion Fixed Rate Retail Bond Series V, W, and X

SM Prime Holdings, Inc. (SM Prime) one of the leading integrated property developers in Southeast Asia, officially lists its latest P25 billion fixed rate retail bonds at the Philippine Dealing and Exchange Corp. (PDEx), on June 24, 2024. The Company’s Series V, W, and X due in 2027, 2029, and 2031, respectively, is the first tranche of SM Prime’s P100 billion Shelf Registration of Fixed Rates Bonds as approved by Stock and Exchange Commission (SEC) last  May 23, 2024.

“The successful listing of SM Prime's Fixed Rate Retail Bond Series V, W, and X have been met with overwhelming demand from the investing public, resulting in a three-fold oversubscription that has allowed us to raise an impressive PHP25 billion. This remarkable success is a testament to the unwavering trust and confidence that our shareholders, customers, business partners, and the investing community have placed in SM Prime.,” SM Prime Chief Finance Officer John Nai Peng C. Ong said.

SM Prime’s Fixed Rate Retail Bond Series V, W, and X has been rated PRS Aaa with Stable Outlook by Philippine Rating Services Corporation (“PhilRatings”).

The ceremonial event was led by Philippine Dealing & Exchange Corp. (PDEx) President and CEO Mr. Antonio Nakpil and SM Prime Chief Finance Officer Mr. John Nai Peng C. Ong along with the bonds joint issue managers, BDO Capital & Investment Corporation and China Bank Capital Corporation, who are also acting as joint lead underwriters along with BPI Capital Corporation, East West Banking Corporation, First Metro Investment Corporation, Land Bank of the Philippines, Security Bank Corporation and SB Capital Investment Corporation.

SM Prime remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people.