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SM Prime sells ₱15-B bonds

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By James A. Loyola

SM Prime Holdings, Inc. has raised a total of ₱15 billion in 5-year and 7-year fixed rate bonds with interest rates of 4.8643 percent p.a. and 5.0583 percent p.a., respectively.
“SM Prime is set to establish further integrated property developments in various developing provincial cities in the Philippines,” SM Prime President Jeffrey C. Lim said.

Thus, Lim said “The proceeds from the retail bond will enable the Company to pursue it expansions plans for its core businesses, primarily of its malls projects, which is one of the main growth drivers of the Company.”

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