SM Prime targeting to raise P25B from bond issuance

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The story "SM Prime targeting to raise P25B from bond issuance" was covered 1 days ago by Business Mirror, a news publisher based in Philippines.

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SM Prime targeting to raise P25B from bond issuance - Business Mirror

Quick Summary:

Shopping mall operator SM Prime Holdings Inc.has set the interest rates for its P25 billion peso-denominated fixed rate bonds, which it will start to sell this week.

Tan said the company is finalizing a deal with the Intercon Group for one of their brands to operate the boutique hotel which will have over 100 rooms.

The proposed issuance is under the company’s P100-billion shelf registration of fixed rates bonds approved by the Securities and Exchange Commission in June 2024.