JFC eyeing $300 M from dollar notes

Asian food conglomerate Jollibee Foods Corp. (JFC) is looking to raise at least $300 million from the offshore debt market to refinance its existing borrowings.

- By RICHMOND MERCURIO

In an online press briefing, JFC chief financial and risk officer Richard Shin said the company is looking at a minimum of $300 million from its planned offering of dollar-denominated senior unsecured guaranteed notes.

"So if you go lower than that, it's very hard to get attraction from some of the larger investors. We wanted to make sure that potential investors out there have the best vehicle to invest in us," Shin said.

"We don't have just the local investors. We also have international investors. So the capital market is very excited, very keen, because we're a very low credit risk company, as you know, as you see through our numbers," he said.