San Miguel opts for flexibility with dollar bond

San Miguel Corp returned to the international bond market after almost two decades away, selling the biggest deal ever offered by a privately-owned Philippine corporation — and managing to give itself flexibility with debt repayments by adding a call option after five years.

  • 19 Apr 2013
The company has been a regular in the bank loan markets, closing a $650m loan in January and launching another $1.3bn deal into general syndication less than two weeks ago. But it had not turned to dollar bond investors since September 1994, when it issued a $115m six ...

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5 Wells Fargo Securities 1,039.86 9 7.05%

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5 ING 1,477.05 5 6.16%