Completes ₱35-B Bond Listing
SMC Tollways secures ₱35-billion bond listing to fund debt refinancing and Skyway expansion.
SMC Tollways Corporation (SMCTC), a subsidiary of San Miguel Corporation’s infrastructure unit, successfully listed its P35-billion fixed-rate bonds at the Philippine Dealing Exchange (PDEX), Dec. 5, 2024, exercising its P5-billion oversubscription option due to high investor confidence. Proceeds will be used to refinance existing debt and support the Skyway System’s expansion. From left: SMCTC CFO Raoul Eduardo C. Romulo, SMC Head of International Treasury & Funds Management Almira C. Dalusung, SMC Deputy CFO Joseph N. Pineda, and PDS Group President & CEO Antonino A. Nakpil.
