SMC's P30-B bond offering get triple-A rating
Published May 5, 2021, 5:06 PM Diversified conglomerate San Miguel Corporation’s planned offering of up to P30 billion in fixed-rate peso-denominated bonds has been given the highest issue credit rating of PRS Aaa by Philippine Rating Services Corporation (PhilRatings). SMC is planning a bond issuance of P20 billion, with an Oversubscription Option of up to P10 billion. This will be the first issuance of SMC in relation to its three-year Shelf Registration of Bonds of up to P50 billion from 2021 to 2024. PhilRatings said it has also maintained its issue credit rating of PRS Aaa, with a S...
Source: mb.com.ph