SMPH said in a stock exchange filing Thursday the P35-billion bond offering in three tranches would consist of P25 billion as the base offer and additional P10 billion for oversubscription.
SMPH chief finance officer John Nai Peng Ong said the company would use the proceeds to finance expansion plans.“The fifth tranche of SM Prime’s P100-billion debt securities program will be used in pursuance of our expansion plans that will provide the company a stronger foothold in the key areas of the country,” Ong said.
SMPH tapped BPI Capital Corp., EastWest Banking Corp., First Metro Investment Corp., RCBC Capital Corp. and SB Capital Investment Corp. as joint underwriters for the transaction.
Source: Loan Digest (loandigest.net)
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