MANILA, Philippines - San Miguel Brewery Inc., a unit of Philippine conglomerate San Miguel Corp., plans to sell five-, seven- and 10-year bonds to raise P20 billion ($474 million) for debt refinancing, a regulatory filing showed.

Proceeds from the peso-denominated bonds will be used to redeem fixed-rate bonds worth P13.6 billion maturing on April 3 and prepay a $300 million loan, it said.

ING Bank N.V. (Manila Branch) is issue manager and joint lead manager and bookrunner with BDO Capital & Investment Corp,. HSBC, Standard Chartered Bank, and SB Capital Investment Corp.

San Miguel Brewery said on Wednesday bondholders representing nearly 77% of its maturing 2012 fixed-rate bonds have consented to proposed changes to debt terms.