San Miguel Corporation Series 2-V, 2-W, 2-X Preferred Shares (SMC2V, SMC2W, SMC2X) Follow-on Public Offering Details
The Philippine Stock Exchange approved the application of San Miguel Corporation for the follow-on offering of up to 400,000,000 Series 2 Preferred Shares (SMC2V, SMC2W, and SMC2X) at Php75.00 per share, consisting of a base offer of 266,666,600 shares plus an oversubscription option of up to 133,333,400 additional shares.
Details of the offering are as follows:
| Offer Period: | July 15, 2026 – July 23, 2026 |
| Offer Price: | Php 75.00 |
| Dividend Rates: | Series 2-V – SMC2V – 8.0401% per annum Series 2-W – SMC2W – 8.3570% per annum Series 2-X – SMC2W – 8.6483% per annum |
| Internal Offer Period: | July 15, 2026 – July 16, 2026, at 12nn |
| Tentative Listing Date: | August 3, 2026 |
| Subscription: | Minimum of 500 offer shares and in multiples of 10 firm shares |
Details of the FOO and subscription link are accessible through the site until 12:00NN of July 16, 2026.
To subscribe, kindly follow the steps below.
- Login to your BPI Trade Online account.
- Go to the “eReserve: SMC2V FOO”, “eReserve: SMC2W FOO”, or “eReserve: SMC2X FOO” tab
- Click Next
- Fill-out Subscription Form including the number of shares to avail.
- Tick “I confirm with the above details of subscription.”
- Click Next.
- After clicking “Next”, you will be redirected to a screen confirming your subscribed shares
- Click Submit.
The Final Offer Terms Sheet dated July 15, 2026 is available for downloading on PSE Edge website.
