Jollibee to raise $600M from capital markets

FASTFOOD giant Jollibee Foods Corp. (JFC) is set to raise $600 million from the issuance of US dollar-denominated senior guaranteed perpetual capital securities — its first to tap the capital markets since going public in 1993.

In a disclosure on Friday, the company said it was finally pursuing a fund-raising activity in the capital market, stressing it has decided to upsize the offering from the initial target of $400 million amid strong demand witnessed from investors.