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FINWIRES

SM Prime Defers Bond Issue Worth Up to PHP12 Billion

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SM Prime (PSE:SMPH) has deferred its planned fourth tranche of fixed-rate bonds worth up to 12 billion Philippine pesos, citing current unfavorable market conditions.

The offer, which also included an oversubscription option of up to 6 billion pesos, comprised 5.75-year and 10-year bond series originally set for issuance in 2026, according to a Wednesday Philippines bourse filing.

The property developer will provide updates on any future plans for the bond issuance in line with regulatory disclosure requirements, it added.

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