SEC approves SM Prime’s P100-b financing program for expansion

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SEC approves SM Prime’s P100-b financing program for expansion
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The Securities and Exchange Commission approved the P100-billion bond shelf registration program of property developer SM Prime Holdings Inc.

It plans to use the proceeds from the bond offering to refinance debt and expand its property portfolio. The P20-billion initial bond offering obtained the highest rating of PRS Aaa from Philippine Rating Services Corp. .

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