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San Miguel Global Power Holdings Corp. plans to offer up to $300 million in senior perpetual capital securities, approved by its board on January 12, for listing on the Singapore Exchange. The proceeds will be used to redeem previous securities and fund pre-development costs for solar and hydropower projects, as well as capital expenditures for battery energy storage systems, with no allocation to coal or liquefied natural gas assets. Standard Chartered Bank will act as the sole lead manager for the offering.