San Miguel raises P30B from landmark follow-on preferred shares offering

San Miguel Corp.

MANILA, Philippines — San Miguel Corp. (SMC) has raised P30 billion from a follow-on offering (FOO) of preferred shares, cited as the country’s largest fundraising through an FOO in the last seven years.

In a statement on Monday, the Philippine Stock Exchange said the conglomerate listed its Series 2V, 2W and 2X preferred shares on the local bourse under the ticker symbols SMC2V, SMC2W and SMC2X, marking the completion of the fundraising exercise.

READ: SEC clears San Miguel’s P30-B follow-on offering

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