SMPH raises Php18 billion via an equity placement

(27 November 2014. Pasay City, Philippines) SM Prime Holdings Inc. (“SM Prime” or “The Company”; Stock code: SMPH), one of the largest integrated real estate developers in South East Asia, announced that it has raised Php18 billion from a placement of treasury shares.
The transaction involved a successful overnight bookbuilding process, which saw strong interest from high quality institutional investors in Asia, Europe and the United States.
The proceeds raised from the placement will partially finance the Company’s capital expenditures, general corporate purposes, and potential acquisitions, including the recently announced partnership in OCLP Holdings Inc, the holding company of Ortigas & Co., owners of strategic land bank and properties in key cities around Metro Manila.
J.P. Morgan Securities Plc and Macquarie Capital Securities (Singapore) Pte. Limited acted as Joint Bookrunners, and BDO Capital & Investment Corporation as the Domestic Lead Manager for the placement.
For further information, please contact:
Alexander D. Pomento
Vice President for Investor Relations
SM Prime Holdings, Inc.
E-mail: alex.pomento@smprime.com
Tel. #: +63 2 862 7940
Thursday, November 27, 2014