SM Prime readies new bond issuance
MANILA, Philippines — SM Prime Holdings Inc., the listed property developer of the Sy Group, is readying the issuance of fixed-rate bonds as part of the P100 billion debt program shelf-registered with the Securities and Exchange Commission (SEC).
It has already submitted to the SEC its application to sell P25 billion in fixed-rate bonds, with an oversubscription option of up to P10 billion.
The bonds have maturities of 2.5 years, four years and six years.
The first tranche of the P100-billion program amounted to P15 billion and was issued in five-year and seven-year fixed rate bonds with interest rates of 4.8643 percent per annum and 5.0583 percent per annum, respectively.
The second tranche amounted to P5 billion in 2.5-year and five-year fixed rate bonds with interest rates of 2.4565 percent p.a. and 3.8547 percent p.a., respectively.
The third tranche totaling P5 billion in seven-year fixed rate bonds with interest rate of 5.0994 percent p.a. was issued while the fourth tranche comprised P15 billion in five-year, seven-year and 10-year fixed rate bonds with interest rate of 5.614 percent p.a., 6.1175 percent p.a. and 6.5432 percent p.a., respectively.
- Latest
- Trending
