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Philippines’ San Miguel Food plans PHP 15 billion fixed-rate bonds
By Marisa Wong
Los Angeles, Dec. 5 – San Miguel Food & Beverage, Inc. plans to offer PHP 15 billion of fixed-rate bonds, according to a notice.
Proceeds will be used mainly to redeem the company’s series 2 preferred shares in March.
The issuer is the food and beverage unit of Mandaluyong City, Philippines-based conglomerate San Miguel Corp.
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