SM Prime Holdings, Inc. (SMPH) announced that its Board of Directors approved the issuance of Fixed Rate Peso Retail Bonds up to Php15 Billion with an over subscription option of up to Php5 Billion with maturities of 5.25 years and 10 years.
The Board of Directors also authorized the management to negotiate and finalize the terms and conditions, including pricing, tenor and any increase in issuance amount, and execute any and all documents necessary, to implement the retail bond issue.