{"id":331461,"date":"2025-02-10T22:35:16","date_gmt":"2025-02-10T14:35:16","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=331461"},"modified":"2025-02-10T22:35:18","modified_gmt":"2025-02-10T14:35:18","slug":"trade-the-news-smph-sets-interest-rates-for-p25-billion-bond-offering","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-smph-sets-interest-rates-for-p25-billion-bond-offering\/","title":{"rendered":"Trade the News: SMPH sets interest rates for P25-Billion bond offering"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>NEUTRAL on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>SM Prime Holdings<\/td><\/tr>
Stock Code<\/strong><\/td>SMPH<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 40.30<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

SM Prime Holdings Inc. (SMPH), the property development arm of Sy-led SM Investments Corporation, has set the interest rates for its \u20b125 billion peso-denominated fixed rate bonds to be offered from Feb. 12 to Feb. 18, 2025.<\/p>\n\n\n\n

In a disclosure to the Philippine Stock Exchange (PSE), the firm said the rate for the Series Y bonds due on 2028 has been set at 6.0282 percent; Series Z due on 2031 at 6.2113 percent; and Series AA due on 2035 at 6.4784 percent.<\/p>\n\n\n\n

SM Prime said it will issue an aggregate principal amount of \u20b120 billion, with oversubscription option of up to \u20b15 billion. This is the second tranche under the company\u2019s \u20b1100 billion Shelf Registration of Fixed Rates Bonds approved by the Securities and Exchange Commission (SEC) on June 6, 2024.<\/p>\n\n\n\n

The first tranche of \u20b125 billion was listed at the Philippine Dealing and Exchange Corp. (PDEx) on June 24, 2024. This consisted of Series V, W, and X due in 2027, 2029, and 2031, respectively.<\/p>\n\n\n\n

\u201cThe successful listing of SM Prime’s Fixed Rate Retail Bond Series V, W, and X have been met with overwhelming demand from the investing public, resulting in a three-fold oversubscription that has allowed us to raise an impressive \u20b125 billion,\u201d SM Prime Chief Finance Officer John Nai Peng C. Ong said.<\/p>\n\n\n\n

Similar to its previous bond issues, the Series Y, Z and AA have been rated PRS Aaa by Philippine Rating Services Corporation (PhilRatings).<\/p>\n\n\n\n

PRS Aaa rating is the highest rating assigned by PhilRatings, denoting that such obligations are of the highest quality with minimal credit risk and the issuing company \u2018s capacity to meet its financial commitment on the obligations is extremely strong.<\/p>\n\n\n\n

PhilRatings said the rating for SMPH\u2019s outstanding bonds amounting to \u20b1137.8 billion was likewise maintained at PRS Aaa. PhilRatings assigned a Stable outlook for the ratings of the proposed and outstanding bonds.<\/p>\n\n\n\n

SM Prime is increasing its capital expenditures to \u20b1100 billion to \u20b1110 billion this year as it continues to expand its core businesses.<\/p>\n\n\n\n

(News Source: Manila Bulletin<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-331461","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=331461"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331461\/revisions"}],"predecessor-version":[{"id":331463,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331461\/revisions\/331463"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=331461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=331461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=331461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}