Economy 1 MIN READ

BRIEF-San Miguel Corp Confirms SEC Approved IPO Of Common Shares By Bank Of Commerce

February 17, 2022By Reuters

San Miguel Corp SMC.PS:

  • CONFIRM SEC APPROVED INITIAL PUBLIC OFFERING OF COMMON SHARES BY BANK OF COMMERCE

  • CONFIRMS SEC APPROVED REGISTRATION STATEMENTS OF ISSUANCE BY CO OF UP TO 60 BILLION FIXED-RATE BONDS UNDER SHELF-REGISTRATION

  • IPO FOR OFFERING UP TO 280.6 MILLION COMMON SHARES OF BOC AT UP TO 12.50 PESOS PER SHARE

  • PROCEEDS OF BONDS ISSUANCE WILL BE USED FOR REFINANCING OF SHORT-TERM LOAN FACILITIES OF SMC, AMONG OTHERS

  • PROCEEDS OFFERING TO FUND THE BANK’S LENDING ACTIVITIES WITH UPGRADING ITS AUTOMATED TELLER MACHINE FLEET & CORE BANKING SYSTEM

Source text for Eikon: ID:nPSXbYpBKB

Further company coverage: SMC.PS

((Reuters.Briefs@thomsonreuters.com;))

This article originally appeared on reuters.com

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