MANILA, Philippines - A subsidiary of JG Summit Holdings, Inc. is planning to offer dollar-denominated fixed-rate notes abroad.
In a disclosure on Friday, JG Summit Holdings said JGSH Philippines, Ltd. "intends to issue, subject to market conditions, US$ fixed rate notes."
No amount or no date for the offer has been disclosed at the moment.
But Citigroup Global Markets Limited, Credit Suisse Securities (Europe) Limited and The Hongkong and Shanghai Banking Corp. Ltd. have been tapped as joint bookrunners and joint lead managers for the transaction, the Gokongwei-led firm said.
Moreover, JG Summit Holdings will act as guarantor of the notes.
"The Board of Directors of the company has authorized its management to determine the extent of its participation as a guarantor as well as to finalize the terms and conditions of such guarantee," JG Summit Holdings said.
JG Summit Holdings has interests in food, banking, property, gaming and air transportation.