SM Prime Holdings Inc. (SMPH) plans to issue up to P25 billion in fixed-rate retail bonds, representing the second tranche of a P100-billion shelf registration approved by the Securities and Exchange Commission (SEC) in June.
In a stock exchange filing on Thursday, SMPH said that it had submitted to the SEC an application for a permit to sell fixed-rate bonds amounting to up to P20 billion, with an oversubscription option of up to P5 billion, consisting of three-year Series Y bonds due 2028, six-year Series Z bonds due 2031, and 10-year Series AA bonds due 2035.
