SAN Miguel Corp. said it is now selling its P20 billion bonds, the second and final tranche of its P50- billion fixed rate bonds shelf registered with the Securities and Exchange Commission in 2021.
The bond sale is divided into an initial P15 billion and another P5 billion for the oversubscription option.
The bonds comprise a 6.5-year tenor, Series O, due 2031 with a coupon rate of 7.2584 percent and a 10-year tenor, Series P, due 2034 with a coupon rate of 7.7197 percent.
The bonds have been rated PRS Aaa with a stable outlook by the Philippine Rating Services Corp.
The bond sale runs from June 18 to 24. The bonds will be listed in the Philippine Dealing & Exchange Corp. on July 3.
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