Philippines' Puregold proposes up to PHP 5 billion of fixed-rate notes

By Marisa Wong

Madison, Wis., Sept. 25 - Puregold Price Club Inc. said it plans to issue up to PHP 5 billion of fixed-rate corporate notes.

The company will conduct a lenders' briefing arranged by First Metro Investment Corp. on Sept. 27 to discuss the proposed notes.

The company announced on Sept. 21 that it was considering an issuance of domestic corporate notes but did not disclose the size of the offer or any other details.

As noted before, proceeds will be used to help finance the company's new store rollouts.

Based in Manila, Puregold operates wholesale and retail stores, including supermarkets.

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