(February 07, 2025, Pasay City, Philippines) – SM Prime Holdings, Inc. (SM Prime) has set the interest rates for its Peso-denominated Fixed Rate Bonds Series Y at 6.0282 percent due on 2028; Series Z at 6.2113 percent due on 2031; and Series AA at 6.4784 percent due on 2035. The Company will issue an aggregate principal amount of PHP20 billion, with oversubscription option of up to PHP5 billion, to be issued by SM Prime.

Similar to its previous bond issues, the Series Y, Z and AA have been rated PRS Aaa by Philippine Rating Services Corporation (PhilRatings). PRS Aaa rating is the highest rating assigned by PhilRatings, denoting that such obligations are of the highest quality with minimal credit risk and the issuing company ‘s capacity to meet its financial commitment on the obligations is extremely strong.

The proposed issuance is under the Company’s PHP100 billion Shelf Registration of Fixed Rates Bonds approved by SEC on 06 June 2024 under the Securities and Exchange Commission (the “SEC”) (the “Debt Securities Program”) under SEC MSRD Order No. 46, Series of 2024. The offer period of the Bonds will take place from February 12-18, 2025.

SM Prime’s Series Y, Z, and AA Bonds will be made available to investors through joint issue managers BDO Capital & Investment Corporation and China Bank Capital Corporation, which are also joint bookrunners and joint lead underwriters together with BPI Capital Corporation, First Metro Investment Corporation, LANDBANK, PNB Capital and Security Bank Capital, following the receipt of the Permit to Sell from the Securities and Exchange Commission. These retail bonds are set to be issued on 25 February 2025.

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For further information, please contact:

John Nai Peng C. Ong
Chief Finance Officer
SM Prime Holdings, Inc.
E-mail: [email protected]
Tel. no.: 8831.1000 loc. 7886
Tel. no.: +632 8862 7940

Forward-looking Statement

This document may contain forward-looking statements and forward-looking information that are subject to significant risks and uncertainties including, without limitation, statements relating to known and unknown risks; uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from expected future results; performance or achievements expressed or implied by forward-looking statements; our overall future business, financial condition, and results of operations, including, but not limited to financial position or cash flow; our goals for or estimates of future operational performance or results; and changes in the regulatory environment including, but not limited to, policies, decisions, and determinations of governmental or regulatory authorities. Although: (1) SM Prime Holdings, Inc. has extensive experience; and (2) the forward-looking statements may be reasonable, nothing herein should be relied upon as a commitment from SM Prime Holdings, Inc. as we cannot guarantee future events, performance or events due to various risks and uncertainties.