SM Prime to issue 5th tranche of fixed rate bonds

By Ed Paolo Salting

Mar 25, 2023 12:11 am

SM Prime's P100-billion shelf registration, of which P40 billion has been issued, was approved by the Securities and Exchange Commission in February 2020. The regulator last year approved an extension to June 30, 2023.

The firms said that Philippine Rating Services Corp. had assigned PRS Aaa rating to the proposed issuance, meaning that it carried minimal credit risk and that the issuing firm was capable of meeting its financial commitments.

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