San Miguel Seeks $1.5 Billion in Largest Philippine Loan of 2025

The Philippines’ power-to-ports conglomerate San Miguel Corp. is in talks with banks for a loan of around $1.5 billion, according to people familiar with the matter.

The syndicated loan, which could have a tenor of five years, is set to launch in the fourth quarter, the people said, who asked not to be identified discussing private matters. Proceeds to be raised are for general corporate purposes, they added. Discussions are ongoing and details haven’t been finalized, the people said.