SMC P60-B bond issue gets PRS Aaa rating

By Tiziana Celine Piatos

Sep 29, 2022 12:14 am

SAN Miguel Corp. (SMC) has obtained the highest issue credit rating of PRS Aaa from Philippine Rating Services Corp. (PhilRatings) after the diversified conglomerate filed a P60-billion bond offering to the Securities and Exchange Commission.

In a disclosure to the Philippine Stock Exchange, SMC intends to issue P40-billion bonds with a P20-billion oversubscription option to be offered at an issue price of 100-percent face value.

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