San Miguel Issues Additional Common Shares Pursuant to $600M Exchangeable Bonds
Mandaluyong—(PHStocks)—Diversifying conglomerate San Miguel Corp. (PSE: SMC) has issued an additional 4,396,749 common shares on 20 – 21 February in the name of the PCD Nominee Corporation, and subsequently lodged with Asiasec Equities Inc., pursuant to the exercise of the exchange right by the remaining bondholders under Section 6.2.1 of the Terms and Conditions of the company’s Exchangeable Bonds, at the Exchange Price of PhP108.43 per share and fixed exchange rate of PhP43.34 to US dollar.