SMGP told the Philippine Dealing & Exchange Corp.that its board of directors approved the issuance of US dollar-denominated senior perpetual capital securities.
The offering, which will be listed on the Singapore Exchange Securities Trading Ltd., is still subject to "prevailing market conditions and as may be advantageous to the corporation," it noted.
The proceeds of the fund raising activity will be used to bankroll the pre-development costs of SMGP's solar energy projects.
This story is from the August 28, 2024 edition of The Philippine Star.
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This story is from the August 28, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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