PHILIPPINES: San Miguel Corporation launches US$2bn notes programme

By | 16 April 2013

The company is aiming to raise up to US$2bn

The company is aiming to raise up to US$2bn

San Miguel Corporation has set up a medium-term note programme in a bid to raise up to US$2bn through bond issuances. 

In a filing yesterday (15 April), the Philippine conglomerate, which has a brewing division, said it has been given approval "in principle" from the Singapore Exchange to list any notes. Initial dealers for the programme will be Australia & New Zealand Banking Group, DBS Bank, Deutsche Bank AG, Merrill Lynch and Standard Chartered Bank.

Meanwhile, the company's beer unit, San Miguel Brewery, is due to delist from the Philippine Stock Exchange next month after its shares were suspended for failing to meet the Philippines' minimum public ownership requirement of 10%.

Expert analysis

Beer in Asia-Pacific

Beer in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Asia-Pacific beer market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Sectors: Beer & cider

Companies: San Miguel Corporation

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