jg-summit-begins-nondeal-roadshow

JG Summit begins non-deal roadshow

The Philippines conglomerate tests the water for a potential bond transaction.
January 07, 2008
JG Summit Holdings began a non-deal roadshow in Manila yesterday, managed by Credit Suisse and Deutsche Bank. The roadshow is heading to Hong Kong today and Singapore tomorrow. The company, one of the PhilippinesÆ largest conglomerates, will test investment sentiment to potentially price a high-yield bond to refinance its 2008 bonds maturing in June.

The company, rated B by Standard and PoorÆs, priced a $300 million bond in January 2006 via sole-lead Credit Suisse.

ôThe company is under no pressure to bring a deal to market right now. It enjoys a solid balance sheet, with a degree of liquidity against part of that leverage that it can use to refinance the bonds, says a source...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222