Saturday 19 January
Oct 18, 2018 @ 19:32

San Miguel?s F&B unit cuts offer size, price range set at P85-95


San Miguel Food and Beverage Inc. has chopped the size of its proposed follow-on offering by nearly half and set a price range of P85 to P95 each share.

From a maximum of 1.02 billion shares, SMBF is now looking to sell up to 523 million shares.

With the new price range, thre company is expected to raise between P44.45 billion to P49.7 billion, lower than the original target of P142.8 billion

The conpany was earlier consodering selling the shares at a maximum P140 per each.

Volatile market conditions forced the company to cut its offer size and price.

The shares will priced on Oct. 25 following SMFB’s international roadshow.

JP Morgan Securities Plc, Morgan Stanley Asia (Singapore) Plc and UBS AG Singapore as its global coordinators. Deutsche Bank AG Hong Kong and Goldman Sachs (Singapore Plc) are the joint global bookrunners.

Lead local underwriters include BDO Capital & Investment Corp. and BPI Capital Corp., while Standard Chartered Bank is the financial advisor.

Sent from my Samsung Galaxy smartphone.

Please follow and like us:

Tags: , , , , , , ,

Related Stories
Consumer giant San Miguel Food and Beverage Inc. has obtained the Securities and Exchange Commission?s
San Miguel Food & Beverage Inc. is embarking on a string of roadshows in Asia,
San Miguel Corp. has tapped Standard Chartered Bank and Sumitomo Mitsui Banking Corp. as financial
A wholly-owned unit of Aboitiz Equity Ventures Inc. obtained a $338 million loan from four


Trending News

Recommended on sister sites

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.