Diversified conglomerate San Miguel Corp. is returning to the debt market with the planned issuance of up to P20 billion in fixed-rate bonds.
The bonds will be issued as the second and last tranche of its P80-billion bond-shelf registration program approved by the Securities and Exchange Commission in 2022. The last time SMC tapped the bond market was in 2022 when it raised P60 billion from the issuance of five-year Series L Bonds due 2028, seven-year Series M Bonds due 2029 and 10-year Series N Bonds due 2032.
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