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San Miguel“s syndicated loan arranged by JP Morgan

Philippine food and beverage company San Miguel Corp. will raise US$ 200 million in a five-year syndicated loan to refinance short-term debt. JP Morgan, the sole lead arranger and underwriter said on …

Philippine food and beverage company San Miguel Corp. will raise US$ 200 million in a five-year syndicated loan to refinance short-term debt. JP Morgan, the sole lead arranger and underwriter said on 6 July it plans to launch the financing to a key group of banks with which San Miguel already does business. Paul Bartlett, managing director and co-head of the debt capital markets group at JP Morgan in Hong Kong, described the deal as a “benchmark corporate borrowing in the Philippines. We believe the market will see the terms, including pricing of this financing, as very favourable and an opportunity to further enhance their relationships with San Miguel.”

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