SMC extends bondholder consent period for NAIA financing plan - BusinessWorld Online

SMC extends bondholder consent period for NAIA financing plan - BusinessWorld Online

SAN MIGUEL CORP. (SMC) has extended until Oct. 22 the deadline for bondholders to give their consent to proposed amendments to several bond terms, which would allow the conglomerate to use its shares in New NAIA Infra Corp. as collateral for project financing. In a disclosure to the Philippine Stock Exchange on Wednesday, SMC said the expiration date for its consent solicitation covering multiple fixed-rate bonds has been moved from Oct. 8 to Oc…