Sunday 16 February
Feb 12, 2020 @ 12:14

Syblings start 2020s with a bang: SM Prime cleared to raise P100B from bond offer

 

Integrated property developer SM Prime Holdings Inc. has obtained the Securities and Exchange Commission’s approval to offer to the public P100 billion worth of bonds under a shelf registration program.

SM Prime intends to initially issue P15 billion worth of Series K bonds and Series L bonds, with an over subscription option for a maximum of P5 billion, at 100% of the face value.

The Series K bonds will mature in five years while the Series L bonds will be due seven years from the issue date.

Proceeds from the offer will be used to partly finance the construction of new malls as well as for expansion projects.

BDO Capital & Investment Corp., China Bank Capital Corporation, BPI Capital Corporation, East West Banking Corporation, First Metro Investment Corporation, RCBC Capital Corporation and SB Capital Investment Corporation are the joint lead underwriters for the offer.

Please follow and like us:

Tags: , , , , , , , ,

Related Stories


 

Trending News

Copyright © 2020 Bilyonaryo - Latest news on the richest Filipinos and Family Business.