Nov. 25 (Bloomberg) -- San Miguel Corp., the Philippines’ biggest food and drink company, plans to sell as much as $2 billion of debt to fund acquisitions and expansion, President Ramon Ang said.

The company may sell “preferred convertible bonds,” Ang said in a mobile-phone message today in Manila.

To contact the reporter on this story: Clarissa Batino in Manila at cbatino@bloomberg.net.

Last Updated: November 24, 2008 20:01 EST