SM Prime Holdings, Inc. has pegged the interest rates for its retail bonds worth up to P20 billion that will be offered from April 7-13, 2022.
In a disclosure to the Philippine Stock Exchange, SM Prime said it has set the rate for its Peso-denominated Series P, 5-year retail bond at 5.6141 per cent due on 2027; Series Q, 7-year retail bond at 6.1175 per cent due on 2029; and Series R, 10-year retail bond at 6.5432 per cent due on 2031.SM Prime issued an aggregate principal amount of P15.0 billion of the Series P, Q and R bonds, with oversubscription option of an additional P15.0 billion.
Other underwriters are BPI Capital Corporation, East West Banking Corporation, First Metro Investment Corporation, RCBC Capital Corporation, and SB Capital Investment Corporation. The proposed issuance is the fourth tranche under the Company’s P100 billion Shelf Registration of Fixed Rates Bonds approved by the Securities and Exchange Commission.
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