Follow-On Offering (FOO):
San Miguel Corporation Series 2 Preferred Shares (SMC2S, SMC2T, & SMC2U) Preferred Shares
Offer Terms
Offer Price:
₱75.00 per share
Dividend Rate:
SMC2S - 6.9650% p.a.
SMC2T - 7.2560% p.a.
SMC2U - 7.5360% p.a.
Minimum Subscription:
500 shares and in multiples of 10 shares thereafter for Online clients
2,700 shares and in multiples of 100 shares thereafter for Broker-assisted and Brokerage Sales clients
Optional Redemption and Purchase Details:
SMC2S – 3rd anniversary of the Issue Date or on any dividend payment thereafter
SMC2T – 5th anniversary of the Issue Date or on any dividend payment thereafter
SMC2U – 7th anniversary of the Issue Date or on any dividend payment thereafter
Dividend Rate Step-Up:
Please refer to the Final Offer Terms and Conditions disclosed in the PSE Edge website
Eligibility:
Local and Foreign
BDO Securities Reservation Window:
October 13 to 14, 2025 (during market hours)
PSE EASy Reservation Window:
October 13 to 17, 2025 12:00 pm
Listing Date:
October 24, 2025
*Please note that dates mentioned above may be subject to changes.
** For more information, please refer to the Final Offer Terms and Conditions disclosed in the PSE Edge website.
For Online Accounts
REMINDERS:
Funding: Your account must be sufficiently funded. We will only accept cleared funds for FOO reservations.
Allocation: BDO Securities Corporation cannot guarantee allocation as this will depend on the volume and demand for this offer. Shares may be fully or partially allocated or rejected.
Refunds: Refunds resulting from the partial allocation of shares or rejection of reservation will be credited, without interest, directly to your BDO Securities Settlement Account within 3 business days upon receipt of cleared funds from the issuer.
For Trader-Assisted Accounts
Should you have any questions or require further assistance, please do not hesitate to send us an email at bdosec-customercare@bdo.com.ph or call us at (+632) 8840-7878.
