San Miguel buys back, cancels $1.4 million 2% exchangeables due 2014

By Marisa Wong

Madison, Wis., Sept. 24 - San Miguel Corp. said it repurchased $1.4 million of its 2% exchangeable bonds due 2014.

The company repurchased $800,000 on Sept. 19 and another $600,000 on Sept. 20.

Following the latest buybacks, $214.8 million of the original $600 million principal amount remains outstanding.

San Miguel is a beer producer based in Mandaluyong City, Philippines.

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