SEC approves San Miguel preferred share offering:
MANILA, Philippines—The Securities and Exchange Commission has approved a landmark preferred shares offering planned by conglomerate San Miguel Corp. worth up to P80 billion.
According to documents from the SEC, as much as 1.067 billion shares in a new series of preferred stock at an issue price of P75 per share is to be offered to the public.
Mandated as bookrunners for the offering were: HSBC, Union Bank, BDO Capital, China Bank, RCBC Capital, First Metro Investments Corp., ING Bank, Philippine Commercial Capital Inc., Standard Chartered Bank, SB Capital and United Coconut Planters Bank.
The base offer will comprise 960 million shares with a...
Keep on reading: SEC approves San Miguel preferred share offering
According to documents from the SEC, as much as 1.067 billion shares in a new series of preferred stock at an issue price of P75 per share is to be offered to the public.
Mandated as bookrunners for the offering were: HSBC, Union Bank, BDO Capital, China Bank, RCBC Capital, First Metro Investments Corp., ING Bank, Philippine Commercial Capital Inc., Standard Chartered Bank, SB Capital and United Coconut Planters Bank.
The base offer will comprise 960 million shares with a...
Keep on reading: SEC approves San Miguel preferred share offering
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