Conglomerate SMC creates $2-B notes program

San Miguel Corp. (SMC) has created a $2-billion medium-term notes program to be listed on the Singapore Stock Exchange, the Philippine-based conglomerate said Monday. Hired as dealers for the note program were Australia and New Zealand Banking Group Ltd., DBS Bank Ltd., Deutsche Bank AG, Merrill Lynch (Singapore) Pte. Ltd., and Standard Chartered Bank, San Miguel noted in a disclosure to the Philippine Stock Exchange. The Singapore Exchange Securities Trading Limited approved the San Miguel application to list the notes on the SGX-ST, the diversified conglomerate noted. From time to time, the company may issue debt securities under the program. In a separate filing with the PSE, beer unit San Miguel Brewery Inc. noted completing the tender offer for the shares still held by the public as part of the plan to delist from the stock exchange. Tendered were 51.425 million common shares, or 0.3337 percent of the total shares outstanding of San Miguel Brewery P20 per share.  The company paid P1.028 billion for the tendered and accepted shares. The brewery is 51 percent owned by San Miguel Corp., with Japan’s Kirin Holdings Co. Ltd. Owning 43.39 percent. — VS, GMA News