SM Prime Holdings lists over P30B retail bonds on PDEX

SM Prime Holdings lists over P30B retail bonds on PDEX

SM PRIME Holdings Inc. listed its Series S, T and U fixed rate bond at the Philippine Dealing and Exchange Corp. through a virtual ceremony on Tuesday, May 23, 2023.

The company said it raised over P30 billion from its base offer of P25 billion and it is the fifth tranche of SM Prime’s P100 billion worth of debt securities, under shelf registration and covered under the Securities and Exchange Commission’s Markets and Securities Regulation Department Order 6, Series of 2020.

SM Prime’s Fixed Rate Bonds Series S, T and U were offered from May 8 to 12, with interest rates of 6.2069 percent, 6.2151 percent and 6.3275 percent, respectively. (PR)

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