SM Prime Holdings, Inc. Successfully Completes Php 5.0B Floating Rate Notes Facility
SM Prime president Hans T. Sy said, "The five-year floating rate notes is SM Prime’s first capital market issuance for 2011. The very positive response of financial institutions to the company's issuance manifests the market’s confidence in SM Prime’s creditworthiness, stability, and growth potential."
For 2011, SM Prime plans to open a total of three malls. Scheduled to open are SM City Masinag in Antipolo City, SM City San Fernando in Pampanga and SM City Olongapo in Zambales. The company is also set to expand two of its existing malls, namely, SM City Davao in Southern Mindanao and SM City Dasmariñas in Cavite. By the end of the year, SM Prime will have 43 malls nationwide with a GFA of 5.2 million sqm. Including the SM malls in China, the company’s GFA will reach 5.9 million sqm.
For further inquiries:
Mr. Jeffrey C. Lim
Executive Vice President
SM Prime Holdings, Inc.
Tel. no.: 831.1000 loc. 1401