In Photo: SM Prime Vice President for Investor Relations Alexander D.Pomento (from left), Chief Finance Officer John C. Ong, EVP Jeffrey C. Lim, Vice President for Finance Teresa Cecilia Reyes-Agsalud, AVP for Treasury Maricel A. Ranola, President Hans T. Sy and SM Investments SVP for Treasury Marcelo C. Fernando Jr.
 
SM Prime Holdings Inc. (SM Prime) marked its third listing of retail bonds with its issuance of P10-billion fixed-rate bonds due on 2026.
 
With SM Prime’s bond issuance, the total listed amount of the SM Group on the Philippine Dealing and Exchange Corp. shall be P84.83 billion, representing 14.47 percent of the total corporate fixed-income issues in the organized secondary market.
 
For this series, SM Prime has set the interest rate for its peso-denominated Series F, 10-year retail bonds at 4.2005 percent per annum with an aggregate principal amount of P10 billion. This is part of the three-year shelf registration with an aggregate amount of P60 billion.
 
PDS Group President and CEO Cesar B. Crisol said: “PDS Group has long admired SM Prime’s plans and efforts to expand and develop the country’s up and coming regional cities. And as SM Prime has been executing this strategy for many years now, one may easily cite the firm as being one of earliest advocates of ‘inclusive economic growth.”