The Daily Tribune
SM Prime eyes growth with dollar bonds
SM Prime Holdings, Inc., a property developer led by the Sy family, is planning to raise new capital through a US dollar-denominated bond issuance to fund its expansion initiatives.
The company has appointed HSBC, J.P. Morgan, Standard Chartered Bank, and UBS as joint lead managers and bookrunners, along with BDO Capital and Chinabank Capital as domestic managers.
These banks will arrange investor calls in Asia and Europe starting September 8, 2025, to gauge interest for the bond offering.
The potential bond issuance will consist of 5-year senior notes offered by SM Prime's subsidiary, SMPH SG Holdings Pte. Ltd., guaranteed by the parent company, and will be drawn from its $3-billion Euro Medium Term Note Programme.
This move follows SM Prime's successful $500 million overseas bond sale last year, which was their largest in a decade.
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