By Rebecca Melvin
Concord, N.H., April 22 – SM Prime Holdings Inc. listed PHP 30 billion of fixed-rate bonds due in five, seven and 10 years on the Philippines Dealing and Exchange Corp., according to a notice Friday.
The series P, Q and R retail bonds have coupons of 5.6141%, 6.1175% and 6.5432%, respectively.
The issue comprised a PHP 15 billion base deal and PHP 15 billion over-subscription option.
The bonds were offered from April 7 to April 13 and issued on Friday.
The joint issue managers were BDO Capital & Investment Corp. and China Bank Capital Corp., which are also joint bookrunners and joint lead underwriters together with BPI Capital Corp., East West Banking Corp., First Metro Investment Corp., RCBC Capital Corp. and SB Capital Investment Corp.
Proceeds are being used to expand the company’s property portfolios, including malls, residential developments, offices and hotels.
The issuance was the fourth tranche under the company’s PHP 100 billion bond program approved by the Philippine Securities and Exchange Commission in February 2020.
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 30 billion
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| Bookrunners: | BDO Capital & Investment Corp., China Bank Capital Corp., BPI Capital Corp., East West Banking Corp., First Metro Investment Corp., RCBC Capital Corp. and SB Capital Investment Corp.
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| Listing date: | April 22
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| Series P bonds
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| Maturity: | 2027
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| Coupon: | 5.6141%
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| Series Q bonds
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| Maturity: | 2029
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| Coupon: | 6.1175%
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| Series R bonds
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| Maturity: | 2032
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| Coupon: | 6.5432%
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