San Miguel Corp. offers ₱10-B worth of fresh fixed-rate bonds

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FILE PHOTO

Metro Manila (CNN Philippines, May 25) - One of the largest food and beverage conglomerates in the country returns to the bond market with a fresh offer of fixed-rate bonds.

In a disclosure to the Philippine Stock Exchange, San Miguel Corporation (SMC) says that it is set to enroll another set of two-year fixed rate notes with a total amount of ₱10 billion at the Philippine Dealing & Exchange Corporation (PDEx).

These bonds have a fixed interest rate of 5.25% per year and will be due by 2020.

This enrollment brings the total listed issues by the SMC traded in the PDEx to ₱60 billion.

San Miguel Senior Vice President Treasury Head Sergio G. Edeza led the ringing of the ceremonial bell at the Philippine Stock Exchange today to herald the company's second foray to the secondary market.