SM Prime Holdings, Inc.’s Fixed Rate Bonds Due 2025, 2027 and 2029
SM Prime Holdings, Inc. (“SMPH”) was incorporated in the Philippines and registered with the SEC on 6 January 1994. It is one of the largest integrated property developers in Southeast Asia that offers innovative and sustainable lifestyle cities with the development of malls, residences, offices, hotels and convention centers. It is also the largest, in terms of assets, in the Philippines. It is also the largest, in terms of assets, in the Philippines.
SM Prime possesses end-to-end capabilities across the integrated real estate value chain, encompassing land banking, master planning, construction, retailing and operations. SM Prime is able to leverage on the diverse skill sets of each of its business units while optimizing value through more efficient planning and control over its developments.
For more information on SMPH, visit https://www.smprime.com/
Terms of the Offer
| Issuer | SM Prime Holdings, Inc. (“SM Prime”) | |||||||||||||||||||
| Issue | Fixed Rate Bonds (the “Bonds”) constituting the direct, unconditional and unsubordinated obligations of SM Prime Holdings, Inc. | |||||||||||||||||||
| Issue Amount | Twenty Five Billion Pesos (P25,000,000,000), with an option to increase the issue size by up to Ten Billion Pesos (P10,000,000,000) in the event of oversubscription | |||||||||||||||||||
| Maturity Date | Series S Bonds: 2.5 years from the Issue Date
Series T Bonds: 4 years from the Issue Date Series U Bonds: 6 years from the Issue Date |
|||||||||||||||||||
| Final Interest Rate | 2.5 years: 6.2069%
4 years: 6.2151% 6 years: 6.3275% |
|||||||||||||||||||
| Interest | Interest on the Bonds shall be calculated on a 30/360-day count basis and shall be paid quarterly in arrears. | |||||||||||||||||||
| Form and Denomination | Issued in scripless form in minimum denominations of P20,000.00 each, and in multiples of P10,000.00 thereafter, and traded in denominations of P10,000.00 in the secondary market. | |||||||||||||||||||
| Call Option | In whole and not in part based on the schedule below:
Series T Bonds:
Series U Bonds:
|
|||||||||||||||||||
| Offer Period | May 8 – 12, 2023 | |||||||||||||||||||
| Issue Date | May 23, 2023 | |||||||||||||||||||
| Rating | PRS Aaa with a Stable Outlook by PhilRatings | |||||||||||||||||||
| Listing | Philippine Dealing and Exchange Corporation (“PDEx”) | |||||||||||||||||||
| First Metro’s Role | Joint Lead Underwriter and Joint Bookrunner | |||||||||||||||||||
Final Prospectus
Investors are strongly advised to carefully read the contents of the Final Prospectus, together with the financial statements attached thereto.
Contact Details
Any questions related to the Bond Offering may be directed to the following representatives.
Ina Pacheco
Email Address:ina.pacheco@firstmetro.com.ph
Vicky Ang-Mariano
Email Address:vicky.mariano@firstmetro.com.ph