SM Prime Holdings, Inc. (SMPH) has set the interest rates for its peso-denominated retail bonds worth a total of P15 billion with an option to increase the offering size up to P25 billion.

In a statement, SM Prime said interest rate for Series A 5.5-year retail bonds was set at 5.10 percent per annum, Series B 7-year retail bonds at 5.2006 percent p.a., and its Series C 10-year retail bonds at 5.7417 percent p.a.

The bonds are scheduled to be offered by SMPH to investors through underwriters from Aug. 13 to 22, 2014. The retail bonds are set to be issued on September 1, 2014.

This series of SMPH bonds due 2020, 2021 and 2024 is the maiden offering by SMPH of peso denominated retail bonds to the public. The SMPH bonds have been rated PRS Aaa by Philippine Rating Services Corporation (PhilRatings), the highest rating assigned by PhilRatings. (JAL)