SM Prime Holdings, Inc. announced the successful completion of its P5 B Floating and Fixed Rate Notes Facility which will finance the ongoing capital expenditures and for general corporate requirements.

The firm said in a disclosure to the Philippine Stock Exchange that the deal was arranged by BDO Capital & Investment Corporation with PNB Capital & Investment Corporation acting as co-lead arranger.

The facility was over-subscribed with eleven primary institutional lenders subscribing to the Issue. SM Prime said the strong response by the market to this financing illustrates the high credit quality of SMPHI, as well as the local market’s confidence in SM Prime Holdings, Inc.