Restaurant operator Jollibee Foods Corp. said Friday it raised $600 million from the issuance of dual tranche US dollar-denominated guaranteed senior notes.
Jollibee said in a disclosure to the stock exchange it raised $300 million in five-year notes with coupon rate of 4.125 percent per annum and another $300 million in 10-year notes with coupon rate of 4.75 percent per annum.
The notes will be issued by Jollibee Worldwide Pte. Ltd., a wholly owned subsidiary of the company.
The latest offering represents the second international capital markets transaction from Jollibee group, following the successful issuance of its $600-million senior perpetual capital securities in January 2020.
It also represents the third time that the fast-food giant tapped the capital markets since its initial public offering in 1993.
The notes are unrated and will be listed on the Singapore Exchange Securities Trading Limited.