Property developer SM Prime Holdings Inc. (SMPH) signaled plans for a possible issuance of US dollar-denominated senior notes after mandating several banks to hold a series of investor calls in Asia and Europe starting Sept. 8, 2025.
The fixed-income investor meetings are being arranged by HSBC, J.P. Morgan, Standard Chartered Bank and UBS as joint lead managers and joint bookrunners, with BDO Capital and Chinabank Capital as joint domestic managers, SMPH said in a stock exchange disclosure Monday.
“A USD-denominated benchmark-sized Regulation S offering of five-year senior notes by SMPHI SG Holdings Pte. Ltd. guaranteed by SMPH may follow, subject to market conditions,” the company said.
The offering will be issued under SMPH’s $3-billion Euro Medium Term Note program.
Last year, SMPH’s parent company SM Investments Corp. returned to the offshore bond market with a $500-million five-year US dollar-denominated bond issuance.
The offering was the largest offshore bond transaction by a Philippine company since 2014.
