SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Feb 14, 2017

2. SEC Identification Number

PW-277

3. BIR Tax Identification No.

000-060-741-000

4. Exact name of issuer as specified in its charter

SAN MIGUEL CORPORATION

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

No. 40 San Miguel Avenue, Mandaluyong City, Metro Manila, Philippines Postal Code 1550

8. Issuer's telephone number, including area code

(632) 632-3000

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
SMC	2,380,231,814
SMCP1	279,406,667
SMC2B	90,428,200
SMC2C	255,559,400
SMC2D	89,333,400
SMC2E	134,000,100
SMC2F	223,333,500
SMC2G	66,666,600
SMC2H	164,000,000
SMC2I	169,333,400

11. Indicate the item numbers reported herein

Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

San Miguel CorporationSMC

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
SEC Order dated 14 February 2017 and Permit to Sell for the Registration and Offering of up to ₱60 Billion worth of Fixed Rate Bonds under Shelf Registration.
Background/Description of the Disclosure
The Company is submitting to the Exchange a copy of the Order dated 14 February 2017 issued by the Securities and Exchange Commission for the shelf registration of up to ₱60 Billion worth of Fixed Rate Bonds, and the corresponding Permit to Sell for the first tranche consisting of ₱15 Billion Fixed Rate Bonds with an Oversubscription Option of ₱5 Billion Fixed Rate Bonds (collectively, the “Bonds”). The Bonds will be issued on March 1, 2017 and will be comprised of 5-year Series A Bonds due 2022, 7-year Series B Bonds due 2024, and 10-year Series C Bonds due 2027. The Series A Bonds shall have a fixed interest rate equivalent to 4.8243% per annum. The Series B Bonds shall have a fixed interest rate equivalent to 5.2840% per annum. The Series C Bonds shall have a fixed interest rate equivalent to 5.7613% per annum. The offer period shall commence at 9:00 a.m., Manila time, on February 14, 2017 and end at 5:00 p.m., Manila time, on February 20, 2017, or such other date as may be mutually agreed between the Company and the Joint Lead Underwriters and Bookrunners. The Company intends to list the Bonds in the Philippine Dealing & Exchange Corp. on the issue date, March 1, 2017.
Other Relevant Information
The Final Shelf Prospectus and the Offer Supplement can be viewed at http://www.sanmiguel.com.ph/disclosures/l/shelf-registration-of-fixed-rate-bonds-offering.