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Philippines’ SM Prime board OKs issue of up to PHP 20 billion bonds
By Marisa Wong
Morgantown, W.Va., Sept. 18 – SM Prime Holdings, Inc. said its board of directors approved an up to PHP 15 billion issuance of fixed-rate peso retail bonds with an up to PHP 5 billion oversubscription option.
The bonds will have maturities of 5¼ and 10 years.
The shopping mall and retail operator is based in Pasay City, Philippines.
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