Sy family property giant primed for growth with P25-B bond listing

February 26, 2025
8:42AM PHT
Jeffrey Lim 
​SM ​Prime president

The Sy family-led SM Prime Holdings bolstered its financial position with the listing of its P25-billion retail bonds on the Philippine Dealing & Exchange Corp. on Tuesday.

This marks the second tranche of its P100-billion bond program, supporting its expansion plans. 

The offer included a P20 billion base and a P5 billion oversubscription option.

The bonds, maturing in 2028, 2031, and 2035, offer rates from 6.0282 percent to 6.4784 percent. 

With a PRS Aaa rating from Philippine Rating Services Corp., the issuance also reflects the property giant’s strong credit quality.

Featured News
Explore the latest news from InsiderPH
Tuesday, 24 June 2025
Insight to the one percent
© 2024 InsiderPH, All Rights Reserved.