HOMEGROWN fast-food giant Jollibee Foods Corp. (JFC) is looking to borrow abroad to boost its finances, on Monday saying that it had appointed several banks to act as lead managers and bookrunners for a possible Regulation S dollar bond offering.
HOMEGROWN fast-food giant Jollibee Foods Corp. is looking to borrow abroad to boost its finances, on Monday saying that it had appointed several banks to act as lead managers and bookrunners for a possible Regulation S dollar bond offering. It told the stock exchange on Monday that unit Jollibee Worldwide Pte Ltd. had tapped J.P. Morgan Securities Asia Private Ltd. and Morgan Stanly Asia Pte as joint global coordinators and BPI Capital Corp. and Hongkong and Shanghai Banking Corp's.
Regulation S is a US Securities and Exchange Commission rule that provides exemptions from registration requirements for qualified securities offerings. JFC did not indicate how much it was planning to raise, only saying that proceeds will be used for Jollibee Worldwide's 'general corporate purposes and/or refinancing of its existing borrowings.
Looking To Tap Offshore Bond Market
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