San Miguel Corp. has formally filed the documentation for its planned P20- billion bond sale.
The fund raising, divided into an initial P15 billion and another P5 billion to cover the oversubscription option, will be sourced from the company’s P50- billion shelf registered bonds approved by the Securities and Exchange Commission in 2021.
The company said it will use the proceeds for the capital needs for the Ninoy Aquino International Airport (NAIA) as well as in other airport-related projects in its Bulacan airport, and to redeem a portion of its Series I bonds.
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