SEC approves SMC, AEV bond offerings

By Ed Paolo Salting

Nov 19, 2022 12:25 am

CORPORATE regulators have approved San Miguel Corp. (SMC) and Aboitiz Equity Ventures Inc.'s (AEV) plans to borrow up to P60 billion and P30 billion, respectively, via bond offerings.

'Considered favorably' by the Securities and Exchange Commission (SEC) en banc during a November 17 meeting were SMC's proposal to offer P40 billion in fixed-rate bonds, with an oversubscription option of P20 billion, and AEV's P30-billion 2022 debt securities program.

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