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JFC fundraising oversubscribed
Manila Bulletin
|March 27, 2025
Jollibee Foods Corp. (JFC) has priced its $300-million five-year Regulation S-only United States (US) dollar-denominated senior unsecured guaranteed notes offering with a fixed coupon of 5.332 percent, payable semi-annually.
JFC, a leading food service company in the Philippines and one of the largest in Asia, disclosed to the Philippine Stock Exchange that the notes will be issued by its wholly owned subsidiary, Jollibee Worldwide Pte. Ltd. (JWPL).
“This landmark transaction represents JFC’s first return to the USD primary bond market since 2020. JFC is also the first Philippine corporate issuer to access the international bond market in 2025,” the company said.
The notes are unrated and will be listed on the Singapore Exchange Securities Trading Ltd. Proceeds from the offering are intended for general corporate purposes and re-financing of JWPL’s existing borrowings.
The notes offering is expected to settle on or about April 2, 2025, subject to the satisfaction of customary closing conditions.
Cette histoire est tirée de l'édition March 27, 2025 de Manila Bulletin.
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