Bilyonaryo - Business

JG Summit unit buys back bonds

December 9, 2022

Bilyonaryo.com

A subsidiary of Gokongwei-led conglomerate JG Summit Holdings Inc. has repurchased $138.826 million worth of bonds from a wholly-owned offshore unit.

In a regulatory filing, the diversified holding company said subsidiary JG Summit Philippines Ltd., guarantor of 10-year 4.375 percent bonds due 2023, had repurchased an aggregate $138.83 million worth of bonds in the open market.

The bonds issued by JGSH Philippines has a principal amount of $750 million.

Following the repurchase and cancellation, the outstanding principal amount of the bonds has been reduced to $611.174 million.

Related News Tags: Gokongwei, JG Summit Holdings Inc, market, offshore

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