
Non-core Currency: San Miguel Brewery
Issuer: San Miguel Brewery
Size of deal: PHP38.8 billion
Date of issue: Mar 16, 2009
Maturities: Apr 3, 2012, Apr 3, 2014, Apr 3, 2019
Pricing: 250bp over government bonds (8.25% 2012 PHP13.59 billion, 8.875% 2014 PHP22.4 billion, 10.5% 2019 PHP2.81 billion)
Bookrunners: HSBC, Development Bank of the Philippines
San Miguel Brewery tested the depth of the Philippines’ domestic debt capital market in March 2009 through the issue of a record-breaking PHP38.8 billion of bonds. The mammoth transaction was
More on Awards
Most read on Risk.net
- Asia moves: Natixis sales head moves to Barclays, new banking head for StanChart Singapore, and more
- Functional programming reaches for stardom in finance
- Banks hope final FRTB rules will ease NMRF burden
- Banks use machine learning to ‘augment’ corporate sales
- Buy-siders eye ways to get ahead of US resolution stay rules