SM PRIME HOLDINGS, INC.'S SERIES K AND SERIES L BONDS OFFERING

SM Prime Holdings, Inc. is offering Fixed Rate Bonds in the aggregate principal amount of PhP15,000,000,000 comprised of Series K Bonds (5 years) and Series L Bonds (7 years).

The proceeds is intended mainly to finance capital expenditures for the expansion of the Issuer’s mall operations.


TERMS AND CONDITIONS:

SM Prime Holdings, Inc.

SMPH 5-year Series K Bonds due 2025 and 7-year Series L Bonds due 2027, constituting direct, unconditional, unsecured, and unsubordinated obligations of the Issuer

Business Type

Mall, Residential and Commercial Real Estate, Hotels and Convention Centers

Issue Size

Php 15,000,000,000

Issue Price

At par (or 100% of face value)

Interest Rate

  • Series K Bonds: 5year - 4.8643%
  • Series L Bonds: 7year - 5.0583%

Bond Rating

PRS Aaa by the Philippine Rating Services Corporation

Min Denomination

Php 20,000 and in increments of Php 10,000 thereafter

Coupon Frequency

Semi-annual

Call Option

  • 3rd and 4th yr for the 5yr Tenor
  • 5th and 6th yr for the 7yr Tenor

Tax Status

Subject to 20% tax

Timetable

  • Offer Period - March 2-13, 2020
  • Issue Date - March 25, 2020

Joint Lead Underwriters

  • RCBC Capital Corporation
  • BDO Capital & Investment Corporation
  • BPI Capital Corporation
  • China Bank Capital Corporation
  • East West Banking Corporation
  • First Metro Investment Corporation
  • SB Capital Investment Corporation