You are here

San Miguel may woo small investors as it cuts dollar debt

Profit at the century-old brewer, which is now heavily invested in oil and electricity, fell by more than half to 6.17 billion pesos for the first nine months of the year as a weaker peso quadrupled foreign exchange losses to 10.3 billion pesos.


SAN Miguel Corp, the Philippines' largest company, may sell bonds to small investors and cut its dollar-denominated debt to tap the country's growing wealth and shield its earnings from a weaker peso.

The energy, infrastructure and beer company plans to borrow more in pesos...