SMC to sell fixed-rate bonds | Inquirer Business

SMC to sell fixed-rate bonds

/ 05:06 AM May 10, 2018

San Miguel Corp. (SMC) plans to raise at least P10 billion through the sale of fixed-rate bonds, which will mainly be used to refinance debt and expand businesses.

The company that produces the iconic San Miguel beer and whose expansion into infrastructure ventures has seen it transform over the last decade intends to issue the bonds on May 25, 2018, an information memorandum posted on its website showed.

SMC said the fixed-rate notes would be issued at face value. These will be composed of two-year Series A notes due 2020 and two-year Series B Notes (with put option) due 2020.


“Upon issuance, the fixed-rate notes shall be simultaneously enrolled as securities that may be traded between and among qualified buyers which are juridical person at the Philippine Dealing & Exchange Corp.,” SMC noted.

Joint lead underwriters were BDO Capital and Investment Corp. and BPI Capital Corp. —MIGUEL R. CAMUS

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TAGS: fixed rate bonds, San Miguel Corp. (SMC)

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