SM Prime Holdings, Inc. announced notice of Deferment of the Offer Period of the Fourth Tranche of Fixed Rate Bonds in the aggregate principal amount of up to Twelve Billion Pesos (PHP 12,000,000,000.00) Fixed Rate Bonds, with an oversubscription option of up to Six Billion Pesos (PHP 6,000,000,000.00) consisting of 5.75-year Series AE Bonds (due on 2032) and 10-year Series AF Bonds (due on 2036). Company announced that due to current market conditions, SM Prime Holdings, Inc. has decided to defer the fourth tranche of Fixed Rate Bonds in the aggregate principal amount of up to Twelve Billion Pesos (PHP 12,000,000,000.00) Fixed Rate Bonds, with an oversubscription option of up to Six Billion Pesos (PHP 6,000,000,000.00) consisting of 5.75-year Series AE Bonds (due on 2032) and 10-year Series AF Bonds (due on 2036) until further notice.
SM Prime Holdings, Inc. is a Philippines-based integrated property developer, which is engaged in the development of malls, residences, offices, hotels and convention centers. The Company has approximately 87 malls in the Philippines and eight shopping malls in China, totaling 11.1 million square meters of Gross Floor Area (GFA). In the Philippines, the Company has a total of approximately 23,771 tenants and 2,136 tenants in China. The Mall segment develops, conducts, operates and maintains the business of modern commercial shopping centers and all businesses related thereto. Residential and commercial segments are involved in the development and transformation of residential, commercial, entertainment and tourism districts through sustained capital investments in buildings and infrastructure. The Hotels and Convention Centers segment is engaged in and carries on the business of hotels and convention centers and operates and maintains all services and facilities incident thereto.
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