San Miguel to retire debt

Philippine food and beverage conglomerate San Miguel Corp. (SMC) intends to retire PHP 1.3 billion in long-term commercial paper due December 2002, a company official said. SMC will use part of the U…

Philippine food and beverage conglomerate San Miguel Corp. (SMC) intends to retire PHP 1.3 billion in long-term commercial paper due December 2002, a company official said. SMC will use part of the US$ 200-million loan facility it secured last year to pay off the maturing loan, the official said.