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SMGP plans $300-M perpetual bond sale for refinancing, renewables
Business World Philippines
|January 15, 2026
SAN MIGUEL Global Power Holdings Corp. (SMGP), the power generation arm of San Miguel Corp. (SMC), plans to return to the offshore debt market with the issuance of up to $300 million in senior perpetual capital securities to refinance existing obligations and fund renewable energy projects.
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In a disclosure to the Philippine Dealing & Exchange Corp. on Tuesday, SMGP said its board of directors approved the offer and issuance of the securities, which will be listed on the Singapore Exchange Securities Trading Ltd.
The company said the proceeds will be used to purchase and redeem its outstanding senior perpetual capital securities issued on Jan. 21, 2020, which carry an initial distribution rate of 5.7%.
Cette histoire est tirée de l'édition January 15, 2026 de Business World Philippines.
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