SM Prime to Issue up to P12 Billion Fixed Rate Retail Bonds with an over subscription option of up to P5 Billion

SM Prime Holdings, Inc. has submitted to the Securities and Exchange Commission (SEC) an application for a permit to sell Fixed Rate Bonds amounting to up to P12 Billion, with an over subscription option of up to P5 Billion consisting of 5-year Series AB Bonds, due in 2030, 7-year Series AC Bonds, due in 2032, and 10-year Series AD Bonds, due in 2035.

This issuance is the third tranche out of the Company’s P100 Billion Shelf Registration of Fixed Rate Bonds approved by the SEC under SEC MSRD Order No. 46 series of 2024, dated 6 June 2024.

SM Prime is one of the largest integrated property developers in Southeast Asia that offers innovative and sustainable lifestyle cities with the development of malls, residences, offices, hotels and convention centers. It is also the largest, in terms of asset, in the Philippines.

SM Prime was incorporated in the Philippines in 1994. They started as a mall developer and operator and grew to be the biggest retail shopping center developer and operator in the Philippines. Currently, it has 88 malls in the Philippines and 8 shopping malls in China, totaling 11.2 million square meters of Gross Floor Area (GFA). In the Philippines, they have a total of 22,192 tenants and 2,005 tenants in China as of June 2025.