Philippines’ San Miguel to offer PHP 25 billion 2022, 2024, 2026 bonds

By Marisa Wong

Morgantown, W.Va., April 3 – San Miguel Corp. said it will offer PHP 25 billion of fixed-rate bonds with an up to PHP 5 billion oversubscription option.

The company will price series H, I and J bonds due 2022, 2024 and 2026 with 6.835%, 7.1783% and 7.6% yields, respectively.

BDO Capital and Investments Corp., BPI Capital Corp., China Bank Capital Corp., PNB Capital and SB Capital are the joint issue managers, underwriters and bookrunners.

The public offer will run from April 1 to April 12.

Proceeds will be used to refinance existing loans, redenominate dollar loans and expand investment in power assets.

San Miguel is a Mandaluyong City, Philippines-based conglomerate.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.