Monday, June 4, 2007

Philippines' SM Prime Holdings Borrows 4 Billion Pesos to Fund Expansion

(Bloomberg) -- SM Prime Holdings Inc., the
Philippines' biggest shopping mall company, said it borrowed 4
billion pesos ($88 million) from five banks to help fund
expansion.

SM Prime sold the lenders five-year floating-rate notes,
the company said in a statement received through e-mail, without
elaborating. First Metro Investment Corp. and SB Capital
Investment Corp. arranged the loan.


Read more at Bloomberg Bonds News

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