The board of conglomerate San Miguel Corp. (SMC) has approved the company’s offering of up to P80 billion in fixed-rate bonds. Know more:
The board of conglomerate San Miguel Corp. has approved the company’s offering of up to P80 billion in fixed-rate bonds.
In March, the conglomerate listed on the Philippine Dealing and Exchange Corp. a total of P30 billion in 5-year Series J bonds due 2027 and 7-year Series K bonds due 2029. San Miguel Corp. earlier said its income for the first half slid 33 percent to P19.8 billion from last year’s P29.57 billion, partly as a result of the effects of foreign exchange losses and the Corporate Recovery and Tax Incentives for Enterprises law.
Consolidated sales revenue rose 73 percent to P711.4 billion from the previous P410.12 billion on sustained volume growth and better selling prices.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ERC starts deliberations on SMC rate hike petitionSMC, through South Premiere Power Corp. and San Miguel Energy Corp., administrators of the 1,200-megawatt Ilijan natural gas and 1,200-MW Sual coal-fired power plants, along with Meralco, filed their respective petitions for a temporary rate hike-- READ:
Read more »
SMC plans P80-B bonds; CLI downsizes issuance to P5B - BusinessWorld OnlineSEPARATELY, the board of directors of listed conglomerate San Miguel Corp. (SMC) authorized a plan to issue bonds worth P80 billion in a board meeting on Thursday.
Read more »
San Miguel board okays plan to offer P80-b bondsDiversified conglomerate San Miguel Corp. (SMC) is returning to the bond market with a jumbo bond offering of up to P80 billion. READ:
Read more »
ERC to decide on SMC rate increase petition by Oct. 4 - BusinessWorld OnlineTHE Energy Regulatory Commission (ERC) assured that it would issue a fair decision on or before Oct. 4 on the temporary relief sought by San Miguel Corp. (SMC) and Manila Electric Co. (Meralco). READ
Read more »
Upson delays IPO to 2023 - BusinessWorld OnlineTECH retailer Upson International Corp. will defer its initial public offering (IPO) to the first quarter of 2023. READ
Read more »
Robinsons Retail to own 100% stake in Ministop PhilippinesROBINSONS Retail Holdings Inc. (RRHI) through its wholly owned subsidiary, Robinsons Supermarket Corp., will acquire Ministop Japan’s (MSJ) 40 percent stake in Robinsons Convenienc...
Read more »