SM Prime to Issue up to Php25 Billion Fixed Rate Retail Bonds
(05 May 2014, Pasay City, Philippines) SM Prime Holdings, Inc. (SMPH) announced today that its Board of Directors approved the issuance of Fixed Rate Peso Retail Bonds up to Php25 Billion. The bonds will be offered with tenors of 5 years and 6 months, 7 and/or 10 years. The proceeds of the bonds will be used to finance capital expenditures for the expansion of the company’s malls, offices and hotel operations. The Board of Directors also authorized the management to negotiate and finalize the terms and conditions, including pricing, tenor and any increase in issuance amount, and execute any and all documents necessary, to implement the retail bond issue.
For further information, please contact:
Ms. Teresa Cecilia H. Reyes
Vice President, Finance
SM Prime Holdings, Inc.
Tel. no.: 831.1000 loc. 7820
Monday, May 5, 2014