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SMC power unit to issue $200M more perpetual notes Jun 27, 2019 @ 22:37

SMC power unit to issue $200M more perpetual notes

 

The power generation arm of conglomerate San Miguel Corp. is issuing an additional $200 million worth of senior perpetual capital securities to fund general corporate purposes, investments in power-related assets and to pay down debt.

San Miguel eyes new brewery in Vietnam

The notes will be listed on the Singapore Stock Exchange.

RSA waffles on San Miguel’s bid for Vietnamese brewer Sabeco: No control, too expensive

Reports said SMC Global Power Holdings Corp. had tapped Credit Suisse (Hong Kong) Ltd., Merrill Lynch (Singapore) Pte. Ltd. and UBS AG Singapore Branch as joint lead managers for the issue.

San Miguel to pump in $1B in new breweries, eyes first US plant

SMC Global Power is one of the leading power companies in the country with a total capacity of 4,197 megawatts as of the end of September 2018. Its diversified mix of fuel supply comprises natural gas, coal and hydropower resources.

SMC eyes top Vietnamese brewer

The group’s combined capacity accounts for 19% of the national grid’s power supply and 25% of the Luzon grid.

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