SMC set to issue P80-B new bonds

By Tiziana Celine Piatos

Sep 24, 2022 12:15 am

IN a disclosure posted to the Philippine Stock Exchange earlier this week, San Miguel Corp.'s (SMC) Board of Directors has approved the selling and issuance of the bonds with a maximum face value of P60 billion and a P20-billion oversubscription option.

The board has given the go-ahead to file the proper registration statement and prospectus with the Securities and Exchange Commission (SEC) as well as the listing application for the peso bonds with the Philippine Dealing Exchange Corp. (PDEX).

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