Jollibee Worldwide Pte. Ltd. (JWPL), a subsidiary of Jollibee Foods Corp., has appointed J.P. Morgan and Morgan Stanley as joint global coordinators and bookrunners for a potential U.S. dollar-denominated bond offering.
The company, alongside joint lead managers BPI Capital and HSBC, will begin a series of investor meetings starting Monday, 24 March.
JWPL is considering issuing five-year senior unsecured guaranteed notes, subject to favorable market conditions. The proceeds from this offering are intended to support the company’s general corporate purposes and/or to refinance existing debts.
Jollibee has clarified that there are no plans to register these securities in the U.S. or conduct a public offering in the country.
The bond offering marks a significant step as JWPL seeks to optimize its financial strategy and reduce borrowing costs, positioning the company for continued growth in a competitive global market.
In late January, Jollibee redeemed USD600 million of guaranteed senior perpetual notes.
