BRIEF-San Miguel Corp Confirms Bank Of Commerce Expects To Raise 3.2 Bln Pesos From IPO

Dec 9 (Reuters) – San Miguel Corp SMC.PS:

• CONFIRMS AFFILIATE CO BANK OF COMMERCE EXPECTS TO RAISE 3.2 BILLION PESOS FROM IPO

• BOC HAS FILED LISTING APPLICATION & OTHER DOCUMENTS TO PSE WHICH IS CURRENTLY UNDER REVIEW

• IPO TO BE CONDUCTED TO COMPLY WITH C. BANK REQUIREMENTS FOR ISSUANCE OF A UNIVERSAL BANKING LICENSE

Source text for Eikon: ID:nPSX7TM3Fq

Further company coverage: SMC.PS

(Reuters.Briefs@thomsonreuters.com)