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SM Dev’t Corp sells P10B of debt papers for landbanking

MANILA, Philippines ? Fast-growing residential developer SM Development Corp. has sold P10 billion worth of debt papers to selected institutional investors, boosting funds for expansion, particularly for land banking. The residential property unit of tycoon Henry Sy’s SM group recently closed the offering of corporate notes with three- and five-year tenors, according to lead arranger BDO…

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SM Dev’t Corp sells P10B of debt papers for landbanking

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