San Miguel brews loan refi with local bond
Philippine beer maker San Miguel Brewery showed the huge difference in liquidity between bond and loan markets in Asia Pacific last week, when it raised around $467m from its domestic debt market — and prepared to pay back a $300m loan that does not fall due until the start of 2015.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts