SMC Global to use bond proceeds to pay off debt

SMC Global Power Holdings Corp., the energy unit of conglomerate San Miguel Corp., said it will use the proceeds of its P15-billion bonds to pay off its debt. In its filing before regulators, the company said it hopes to refinance its $300-million outstanding short-term loan it secured with BDO Unibank Inc. in January last year. Read more here.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s