Tycoon Ramon Ang-led San Miguel Corp. (SMC) is seeking approval to extend its P50 bond program by 60 days as it prepares to tap the market for fresh funding.
Should it secure the Securities and Exchange Commission’s approval, the shelf-registration for the bonds will stay in effect until Aug. 20, 2024.
SMC is one of the country’s biggest conglomerates, with businesses spanning food, drinks, infrastructure and energy.
In recent years, it mounted an aggressive push into airport infrastructure through the P740 billion airport complex in Bulacan province and the recently-awarded Ninoy Aquino International Airport modernization project.
