SMPH Series G Bonds due 2024 Marks the 100th Listing in the PDEX Organized Secondary Market

In the photo from left are First Metro Investment Corporation President Rabboni Arjonillo, BDO Capital & Investment Corporation President Eduardo Francisco, Philippine Depository & Trust Corp. President and COO Ma. Theresa Ravalo, SM Investments Corporation (SMIC) Senior Vice President – Treasury Marcelo Fernando, Jr., SMIC President Frederic DyBuncio, SM Prime Holdings, Inc. (SMPH) Chief Finance Officer John Ong, SMPH Director Hans Sy, SMPH President Jeffrey Lim, PDS Group President and CEO Cesar Crisol, PNB Capital & Investment Corporation President Gerry Valenciano, SB Capital Investment Corporation President Noel Dayrit, China Bank Capital Corporation Managing Director Virgilio Chua, and BPI Capital Corporation Senior Vice President Rhoda A. Huang.


18 May 2017, Makati PhilippinesSM Prime Holdings, Inc. (SMPH), one of the leading integrated property companies in Southeast Asia, returned to the PDEx organized secondary market a fourth time to list its latest offering of PhP20 Billion SMPH Series G Fixed Bonds Due 2024. 


Today’s event constitutes a milestone as it is not only the eleventh listing for 2017, but the 100th listing since the start of the corporate bond board on the organized market in 2008.  It brings the total outstanding amount of bonds listed to nearly PhP700 Billion, a long way further from the PhP10 Billion outstanding listed bonds in 2008.


With today’s bond offering, SM Prime’s total outstanding listed issues increased to PHP70 Billion or 10% of the total outstanding listed bonds on PDEx; and the SM Group’s total outstanding listed issues to PhP134.42 Billion or 19% of the overall outstanding listed bonds on PDEx.


SM Prime President Jeffrey C. Lim led the ringing of the ceremonial bell to herald the start of trading of the SMPH Series G Bonds Due 2024 in the PDEx bourse – the second tranche of SM Prime’s Shelf Registration of PhP60 Billion.


This latest listing brings the year-to-date total volume of new listings to PhP93.04 Billion, a 370% increase from May 2016 YTD. The total level of tradable corporate debt instruments in PDEx now stands at PhP699.67 Billion issued by 43 companies, comprised of 120 securities.





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Thursday, May 18, 2017