Top Frontier raises P26B from debt issue | Inquirer Business

Top Frontier raises P26B from debt issue

/ 05:39 PM July 04, 2016

TOP Frontier Investment Holdings, the parent company of San Miguel Corp., is raising P25.88 billion from the issuance of peso-denominated perpetual securities to a British Virgin Island-registered firm.

In a disclosure to the Philippine Stock Exchange on Monday, Top Frontier said this was part of the funding arrangements meant to cover outstanding loan obligations.


The perpetual securities will be issued to a company called Bryce Canyon Investments Ltd. They will be convertible into preferred shares of Top Frontier.

Top Frontier, which was incorporated and registered with the Securities and Exchange Commission in 2008 as a holding company, owns 66.2 percent of San Miguel Corp. which in turn operates beverage, food, packaging, properties, fuel and oil, energy, infrastructure, telecommunications, airline, mining and banking businesses.


Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Top Frontier, Top Frontier Investment Holdings Inc.
For feedback, complaints, or inquiries, contact us.

Curated business news

By providing an email address. I agree to the Terms of Use and
acknowledge that I have read the Privacy Policy.

© Copyright 1997-2021 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.