San Miguel Corp. has filed a registration statement for a P30-billion preferred share offering, the company disclosed to the stock exchange on Monday. The offering aims to refinance debt and fund infrastructure projects, including the Manila International Airport development in Bulacan province, as reported by BusinessWorld .
The registration statement and preliminary prospectus were submitted to the Securities and Exchange Commission. Proceeds from the offer will be used for debt repayment and capital expenditures for ongoing projects.
San Miguel's infrastructure portfolio includes major transport and energy projects across the Philippines. The preferred share offering is part of the conglomerate's broader capital-raising efforts to support its expansion plans.