San Miguel Brewery to sell P20-B bonds

Reuters

Posted at Feb 20 2009 11:13 AM | Updated as of Feb 20 2009 07:13 PM

San Miguel Brewery, the Philippine flagship of Southeast Asia's biggest food and drinks company, said on Friday it has registered with the securities regulator to sell P20 billion ($415 million) in bonds.

The beer unit of San Miguel Corp. said it has the option to raise the size of the bond offer to P38.8 billion.

The bonds will be issued in maturities of three years, five years and one day, and 10 years, it said.