The Philippines’ largest shopping mall operator, SM Prime Holdings Inc., announced on Wednesday the completion of its 3 billion peso (US million) fixed-rate notes offer, with the proceeds to be used to fund capital expenditures and for general corporate requirements.

The notes, which have maturities of five years, seven years and 10 years, were oversubscribed, SM Prime said in a statement.

First Metro Investment Corp. arranged the deal. Shares in SM Prime were flat at 7.30 pesos in late trade.