SM Prime sets P25-B bond sale for expansion, debt refinancing

MANILA, Philippines — Sy family-led property conglomerate SM Prime Holdings Inc. is preparing to raise up to P25 billion as the initial tranche of a long-term P100-billion bond program. The shopping mall, hotels and residential property giant said it aims to launch a P20-billon bond sale with an oversubscription option of P5 billion. The bonds
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