SM Prime hits pause on P18-B bond offer

MANILA, Philippines – Property giant SM Prime Holdings Inc. has postponed its planned bond offering worth up to P18 billion, citing prevailing market conditions. In a disclosure on Wednesday, the Sy family-led firm said it deferred the fourth tranche of its fixed-rate bond program, which consists of an initial offering of up to P12 billion and an oversubscription option of up to P6 billion. READ: SM Prime seeks P18B via retail bond offer The company did not specify when the offering would push through, saying only that the bond sale would be deferred until further notice. The planned issuance was composed […]...

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