(29 October, 2021, Pasay City, Philippines) SM Prime Holdings, Inc. (SM Prime) has set the interest rate for its Peso-denominated Series O, 7-year retail bond at 5.0994 per cent due on 2028.

SM Prime issued an aggregate principal amount of PHP5.0 billion of the Series O Bond, with oversubscription option of an additional PHP5.0 billion. The retail bond will be offered by SM Prime from November 2 to 8, following the receipt of the Permit to Sell from the Securities and Exchange Commission. The retail bond is set to be issued on November 15, 2021.

“The proceeds of this latest retail bond will be used to pursue expansion opportunities across our business segments, which will help sustain the Company’s growth,” SM Prime Chief Finance Officer John Nai Peng C. Ong said.

The proposed issuance is the third tranche of debt securities to be issued from SM Prime’s PHP100 billion Debt Securities Program registered with the Securities and Exchange Commission (the “SEC”) under shelf registration pursuant to SEC MSRD Order No. 6 Series of 2020. Similar to its previous bond issues, the SM Prime Series O bond has been rated PRS Aaa by Philippine Rating Services Corporation (PhilRatings). A rating of PRS Aaa is the highest rating assigned by PhilRatings. This rating is given to long-term debt securities with the smallest degree of investment risk. This also indicates SM Prime’s strong capability to meet its financial commitment.

The SM Prime bonds’ joint issue managers are BDO Capital & Investment Corporation and China Bank Capital Corporation, who are also acting as joint lead underwriters together with BPI Capital Corporation, East West Banking Corporation, First Metro Investment Corporation, SB Capital Investment Corporation and RCBC 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.

Source: SM Prime