SM Prime sets interest rates for 2025 bonds ahead of Feb. 12 sale

SM Prime Holdings is set to raise up to P25 billion through its latest peso-denominated bond sale. It has priced Series Y at 6.0282 percent due 2028, Series Z at 6.2113 percent due 2031, and Series AA at 6.4784 percent due 2035.

The base offer is P20 billion, with an oversubscription option of up to P5 billion.

The bonds will be available from Feb. 12-18 this year, with PhilRatings assigning a PRS Aaa rating, reflecting top-tier quality and minimal credit risk.

Second bond sale 

This is SM Prime’s second bond offer under its P100-billion debt program registered with the Securities and Exchange Commission.

In 2024, SM Prime priced its P25-billion peso-denominated bond offer with Series V at 6.5754 percent due 2027, Series W at 6.7537 percent due 2029, and Series X at 6.965 percent due 2031.