San Miguel Brewery (SMB) bonds in the Philippines

James Ryan Jonas

In what is touted as the biggest corporate bond issue in the Philippines, beer company San Miguel Brewery, Inc. (SMB) successfully raised P38.8 billion or US$800 million during this week’s sale of its fixed-rate bonds.

SMB offered three types of bonds to the market:

  • 3-year bonds, paying interest coupon of  8.25% per annum
  • 5-year bonds, paying interest coupon of 8.875% per annum
  • 10-year bonds, paying interest coupon of 10.5% per annum

If you want to invest in these SMB Bonds, inquire with your bank, specifically the bank’s Trust Department or Trust Group.

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James Ryan Jonas teaches business management, investments, and entrepreneurship at the University of the Philippines (UP). He is also the Executive Director of UP Provident Fund Inc., managing and investing P3.2 Billion ($56.4 Million) worth of retirement funds on behalf of thousands of UP employees.