SM postpones $1-b REIT offering on interest rate, market volatility

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Property developer SM Prime Holdings Inc. said Tuesday it will postpone its planned $1-billion real estate investment trust offering amid the current interest rate environment and market volatility.

“Given the interest rate environment and market volatility, I don’t think we can do it this year. But we will continue to assess as we move forward,” Lim said. The proceeds from the fund-raising was supposed to fund the planned reclamation project in Pasay City. “We are following our timeline. We have worked out a concept program in order to speed up, catch up on our timeline. so far we’re on track,” Ang said.

این خبر را خلاصه کرده ایم تا بتوانید سریع آن را بخوانید. اگر به خبر علاقه مند هستید، می توانید متن کامل را اینجا بخوانید. ادامه مطلب:

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