Mall operator SM Prime Holdings Inc said it raised 4 bln pesos from issuing floating-rate notes with a maturity of five years and one day, which will fund capital expenditures and general corporate requirements. 

The deal was arranged by First Metro Investment Corp with SB Capital Investment Corp acting as co-lead arranger, SM Prime said in a statement.  It gave no other details. 

SM Prime has allocated 7 bln pesos this year for the construction of four new malls and the expansion of two existing ones.  At 11.24 am, SM Prime was unchanged at 13.75 pesos.