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SMGP to raise $100 M from bond issuance
The Philippine Star
|September 27, 2024
The power arm of tycoon Ramon Ang's San Miguel Corp. is planning to raise at least $100 million via bond issuance to beef up its renewable energy portfolio.
In a regulatory filing yesterday, San Miguel Global Power Holdings Corp. (SMGP) said its board approved the offer and issuance of additional US dollar-denominated senior perpetual capital securities.
The proceeds will be used to bankroll the pre-development costs of its solar energy projects and the capital expenditure requirements related to battery energy storage systems.
Dit verhaal komt uit de September 27, 2024-editie van The Philippine Star.
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