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Del Monte Philippines eyes up to PHP 7.5 billion bond offering
By Marisa Wong
Los Angeles, Aug. 14 – Del Monte Pacific Ltd.’s Philippine subsidiary, Del Monte Philippines, Inc., has applied to register a public issuance of up to PHP 5 billion of bonds, according to a company announcement.
The maiden issuance may be upsized to PHP 7.5 billion.
The proposed securities will have three- and/or five-year maturities.
BDO Capital & Investment Corp., China Bank Capital Corp., First Metro Investment Corp. and RCBC Capital Corp. are the joint lead underwriters, joint issue managers and joint bookrunners.
Proceeds will be used to refinance existing loans and to fund other corporate purposes.
Del Monte Pacific is a branded food and beverage company based in Singapore.
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