HOMEGROWN fast-food giant Jollibee Foods Corp. (JFC) on Wednesday said that it had priced its $300-million US dollar-denominated note offering at a fixed coupon rate of 5.332 percent, payable semiannually.
HOMEGROWN fast-food giant Jollibee Foods Corp. on Wednesday said that it had priced its $300-million US dollar-denominated note offering at a fixed coupon rate of 5.332 percent, payable semiannually. The unrated senior unsecured guaranteed notes will be issued by wholly owned unit Jollibee Worldwide Pte. Ltd. and listed on the Singapore Exchange, with settlement date expected to be on or around April 2.
Jollibee said the offering had garnered 'significant investor appetite' with the final order book exceeding $2 billion — seven times oversubscribed — with robust participation from international accounts that was coupled with strong domestic support. The demand was 'a testament to investors' confidence in JFC's compelling credit story and global market appeal,' Jollibee claimed.
Sets 5.335% Return For Dollar Notes
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