Jollibee Foods Corp. said it has tapped JP Morgan Securities Asia Private Ltd., Morgan Stanley Asia (Singapore) Pte., BPI Capital Corp., The Hongkong and Shanghai Banking Corp. Ltd. and Singapore Branch (HSBC) to facilitate a five-year dollar-denominated senior unsecured guaranteed notes offered to foreign investors outside the US.
The company did not disclose details but said banks have started a series of fixed-income investor meetings since March 24 for the planned fundraising.
The proceeds “are intended for the issuer’s general corporate purposes and/or refinancing of its existing borrowings,” the company said in a disclosure on Monday.
The fundraising follows the release of Jollibee’s 2024 full-year result in which it reported two weeks ago that attributable net income rose 17.7 percent to P10.32 billion from P8.77 billion the prior year.
Revenues grew 10.6 percent to P269.94 billion from P244.11 billion in 2023.
The company said it posted a 13 percent uptick in systemwide sales at P390.28 billion from P345.32 billion, while same store sale grew 7.5 percent in the Philippines and 2.8 percent overseas.
