Philippines' San Miguel plans common stock, exchangeable bonds for $850 million total proceeds

By Rebecca Melvin

New York, April 11 - San Miguel Corp., a food and beverage company based in the Philippines, plans to price concurrent offerings of common stock and exchangeable bonds for a total capital raise of about $850 million.

Proceeds from the offerings will be used for the company's infrastructure, working capital and other general corporate purposes.

Neither offering has been registered in the United States.

Goldman Sachs (Singapore) Pte., UBS AG, Credit Suisse (Singapore) Pte. Ltd. and Standard Chartered Securities (Singapore) Pte. are the joint bookrunners of the exchangeable bonds.

Further information on the offering wasn't immediately available.

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