By Marisa Wong
Los Angeles, March 25 – SM Prime Holdings Inc. issued a total of PHP 15 billion of 4.8643% five-year series K bonds and 5.0583% seven-year series L bonds, according to a company announcement.
As previously reported, SM Prime priced the PHP 15 billion offering of the series K bonds and series L bonds at par with an up to PHP 5 billion over-subscription option.
BDO Capital & Investment Corp., China Bank Capital Corp., BPI Capital Corp., EastWest Banking Corp., First Metro Investment Corp., RCBC Capital Corp. and SB Capital Investment Corp. are the joint lead underwriters and joint bookrunners. BDO Capital and China Bank Capital are also the joint issue managers.
The issuance is part of the company’s PHP 100 billion three-year bond issuance plan and is its seventh offering of peso-denominated retail bonds to the public.
The shopping mall and retail operator is based in Pasay City, Philippines.
| Issuer: | SM Prime Holdings Inc.
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| Issue: | Fixed-rate bonds
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| Amount: | PHP 15 billion
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| Bookrunners: | BDO Capital & Investment Corp., China Bank Capital Corp., BPI Capital Corp., EastWest Banking Corp., First Metro Investment Corp., RCBC Capital Corp. and SB Capital Investment Corp.
|
| Rating: | Philippine Ratings Services Corp.: PRS Aaa
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| Settlement date: | March 25
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| Series K bonds
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| Maturity: | Five years
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| Coupon: | 4.8643%
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| Price: | Par
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| Yield: | 4.8643%
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|
|
| Series L bonds
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| Maturity: | Seven years
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| Coupon: | 5.0583%
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| Price: | Par
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| Yield: | 5.0583%
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