Jollibee Worldwide has announced the results of its tender offer to buy back up to $250m of its $600m 3.9% Perps callable in 2025 Holders of $400,000 in aggregate principal tendered their bonds before the expiration deadline of November 3, but after the early tender deadline of October 18. The company will pay $1,016.25 per $1,000 in principal plus accrued interest for notes validly tendered before the early deadline and will pay par for the those tendered after the deadline. The payment will be made on November 8. The tender offer is being funded by an issuance of onshore preference shares.
Jollibee’s 3.9% Perps were at 100.625, yielding 3.69%.