SM Prime to Issue up to Php5 Billion Fixed Rate Retail Bonds with an oversubscription option of up to Php5 Billion

(16 May 2016, Pasay City, Philippines) SM Prime Holdings, Inc. (SMPH) announced today that its Board of Directors approved the offering to the public of up to Php60 billion worth of Bonds (the ”Bonds”). The Bonds will be filed under a shelf registration to be issued for a period of three (3) years, with an initial offering of up to Php5 billion with an oversubscription option of up to Php5 billion worth of fixed-rate bonds, with a maturity of 10 years (the “Series “F” Bonds”).

The Board of Directors also authorized the management to negotiate and finalize the terms and conditions, including pricing, tenor, and any increase in issuance amount, and execute any and all documents necessary, to implement the retail bond issue.

For further information, please contact:

Ms. Teresa Cecilia H. Reyes
Vice President, Finance
SM Prime Holdings, Inc.
Tel. no.: 831.1000 loc. 7820