The Securities and Exchange Commission on March 17 cleared the registration of San Miguel Global Power Holdings Corp. for P20 billion in fixed-rate bonds, with an oversubscription option of up to P10 billion.
The bonds span 5.25-year, seven-year, and 10-year tenors, offering a range of maturities for investors.
If fully taken up, the offer could raise up to P29.64 billion.
Offer timeline
Proceeds will refinance existing obligations and partly fund renewable energy projects, supporting the group’s transition toward cleaner power.
The offer will run from March 30-April 10 this year, with a planned listing on the Philippine Dealing and Exchange Corp. on April 17.
Bank of Commerce, BDO Capital & Investment Corp., China Bank Capital Corp., Land Bank of the Philippines, Philippine Commercial Capital Inc., PNB Capital and Investment Corp., and Security Bank Capital Investment Corp. will act as issue managers, underwriters, and bookrunners.
—Edited by Miguel R. Camus
