May 29, 2012) SM Prime Holdings, Inc. (SM Prime) recently signed a Php7.5 billion notes facility agreement. The notes facility, consisting of five- and ten-year floating rate notes and five- and ten-year fixed rate notes, will be used by SM Prime for the refinancing of existing obligations, to partially fund capital expenditures and/or other general corporate requirements.
Solely arranged by First Metro Investment Corporation, the issue size of the notes increased to Php7.5 billion from the original Php4.0 billion due to the strong demand from institutions consisting of banks, insurance and trust companies.
SM Prime currently has 42 SM Supermalls strategically located nationwide with a total gross floor area (GFA) of 5.1 million square meters (sqm). Earlier this year, SM Prime opened SM City Olongapo. For the rest of 2012, SM Prime is scheduled to open SM City Lanang in Davao City, SM City General Santos in Southern Mindanao, SM City Consolacion in Cebu, SM City San Fernando in Pampanga, and SM Chongqing in China. By year-end, SM Prime will have 46 malls in the Philippines and five in China with an estimated combined GFA of 6.3 million sqm.
For further inquiries:
Mr. Jeffrey C. Lim Executive Vice President SM Prime Holdings, Inc. Email address: jeffrey.lim@smprime - https://www.affordablecebu.com/
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"SM Prime Holdings, Inc. signs Php7.5 billion notes facility agreement" was written by Mary under the Business category. It has been read 1791 times and generated 0 comments. The article was created on 29 May 2012 and updated on 29 May 2012.
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