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SM Prime Sets Interest Rates for Php15 Billion Retail Bonds

(12 August 2014, Pasay City, Philippines) SM Prime Holdings, Inc. (SMPH) has set the interest rates for its Peso-denominated Series A, 5.5-year retail bonds at 5.1000% p.a., Series B, 7-year retail bonds at 5.2006% p.a., and its Series C, 10-year retail bonds at 5.7417% p.a. SMPH will issue an aggregate principal amount of Php15.0 billion of the Series A, Series B and Series C bonds, with an option to issue an additional amount of up to Php10.0 billion. The bonds are scheduled to be offered by SMPH to investors through underwriters from August 13 to 22, 2014. The retail bonds are set to be issued on September 1, 2014.
 
This series of SMPH bonds due 2020, 2021 and 2024 is the maiden offering by SMPH of Pesodenominated retail bonds to the public. The SMPH bonds have been rated PRS Aaa by Philippine Rating Services Corporation (PhilRatings), the highest rating assigned by PhilRatings. A PRS Aaa rating denotes that such obligations are of the highest quality with minimal credit risk, and that the issuing company’s capacity to meet its financial commitment on the obligations is extremely strong.
 
The SMPH bonds’ joint issue managers and joint bookrunners are BDO Capital & Investment Corporation and First Metro Investment Corporation, while the joint lead underwriters are BDO Capital & Investment Corporation, BPI Capital Corporation, China Banking Corporation and First Metro Investment Corporation. Land Bank of the Philippines, Philippine Commercial Capital, Inc., PNB Capital and Investment Corporation, RCBC Capital Corporation and SB Capital Investment Corp. are participating underwriters for the bond issue.
 
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For further inquiries:
Alex Pomento
Vice President, Investor Relations
SM Prime Holdings, Inc.
Tel. no.: +632 862 7940
Date: 
Monday, August 11, 2014