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SMC disburses P471M from bond proceeds for Bulacan airport
Business World Philippines
|September 03, 2025
SAN MIGUEL CORP. (SMC) has invested P471.12 million from its P20-billion fixed-rate bond issuance in the New Manila International Airport (NMIA) project in Bulacan.
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In a disclosure to the stock exchange on Tuesday, the conglomerate said the disbursement represents an additional investment in the airport project.
To date, SMC has released a total of P16.91 billion from the bond proceeds, leaving a balance of P2.82 billion from the net proceeds of the offering.
The bond issue is part of the company’s fundraising program to finance infrastructure projects, including its flagship NMIA, which is targeted to help ease congestion at Ninoy Aquino International Airport.
This story is from the September 03, 2025 edition of Business World Philippines.
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