San Miguel Brewery (SMB) bonds in the Philippines

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.

Related discussion:

• San Miguel’s woes; investors beware
• Commercial papers offered by banks
• All about Bonds and other Corporate & Government Securities

Other Investment Products in the past:

• Ayala Corporation (AC)’s Preferred Shares
• Manila Water (MWC)’s 8.25% bonds
• Metrobank’s LTNCDs
• Pag-IBIG’s 5% Housing Bonds
• Philippine Government’s Retail Treasury Bonds