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.

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