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Treasury & Capital Markets / Covid-19
Jollibee taps bond market as precaution against impact of Covid-19
Company has sufficient cash and liquidity to support operations on continuing basis and meet all obligations
Chito Santiago   19 Jun 2020
THE Philippines’ largest food service company, Jollibee Foods Corporation, returned to the US dollar bond market for the second time this year, raising a dual-tranche offering totalling US$600 million. To be used for general corporate purposes, the proceeds are intended as a precautionary measure from the unforeseen eventualities that may be caused by the Covid-19 pandemic, as well as to finance the initiatives of the company and its subsidiaries.
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