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San Miguel Food plans PHP 15 billion bonds due 2025, 2027
By Marisa Wong
Los Angeles, Feb. 24 – Philippines’ San Miguel Food & Beverage, Inc. said it has registered to issue PHP 15 billion of fixed-rate bonds consisting of five-year series A bonds and seven-year series B bonds.
As initially proposed in November, proceeds will be used mainly to redeem the company’s series 2 preferred shares in March.
The issuer is the food and beverage unit of Mandaluyong City, Philippines-based conglomerate San Miguel Corp.
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