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SMC completes bondholder approval process for part of NAIA financing plan - BusinessWorld Online

Summary by bworldonline.com
SAN MIGUEL CORP. (SMC) said it has completed the consent solicitation process for three of its fixed-rate bond series, allowing the company to move forward with plans to use shares in its New NAIA Infra Corp. subsidiary as collateral for project financing. In a disclosure on Tuesday, SMC said it obtained approvals from more than 50% of bondholders for its Series C, J, and K bonds, which collectively amount to several billion pesos in outstanding…

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SMC completes bondholder approval process for part of NAIA financing plan - BusinessWorld Online

SAN MIGUEL CORP. (SMC) said it has completed the consent solicitation process for three of its fixed-rate bond series, allowing the company to move forward with plans to use shares in its New NAIA Infra Corp. subsidiary as collateral for project financing. In a disclosure on Tuesday, SMC said it obtained approvals from more than 50% of bondholders for its Series C, J, and K bonds, which collectively amount to several billion pesos in outstanding…

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bworldonline.com broke the news in on Tuesday, October 14, 2025.
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