Philippine Digest: San Miguel raising $580m; Integrated Micro-Electronics eyes $97m rights offer

A logo of San Miguel Corporation (SMC) is seen at a main office in Ortigas city, metro Manila February 12, 2016. REUTERS/Romeo Ranoco

San Miguel Corporation, one of the Philippines’ largest conglomerates, is raising up to Php30 billion in fixed-rate bonds denominated in the local currency while Integrated Micro-Electronics said it has received approval for its Php5 billion rights offer.

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