SB Capital co-manages P3-billion Universal Robina notes issue

MANILA, Philippines – SB Capital Investment Corp. co-managed a P3 billion privately-placed corporate notes issue for Universal Robina Corp. (URC). The proceeds from the notes issue will be utilized by URC for general corporate purposes and to finance capital expenditure requirements.

The Hongkong Shanghai Banking Corp. Limited was lead manager and sole bookrunner for the transaction. The notes carry a five-year and one day maturity.

URC is the food manufacturing arm of the Gokongwei group and is one of the largest and leading food companies in the Philippines and has a growing presence in other Asian markets.

The company is involved in a wide range of food-related businesses, including branded consumer foods, production of hogs and day-old chicks, animal and fish feeds, glucose and veterinary compounds, flour milling, and sugar milling and refining.

Some of the company’s famous brands are Chippy, Piattos, Nova and ready-to-drink tea beverage brand C2.

SB Capital, the wholly-owned investment banking arm of Security Bank Corp., is one of the most stable and active investment houses in the country today.

SB Capital provides a wide range of investment banking and financial services such as equity underwriting, project finance, private placements, debt underwriting and syndication, financial advisory, mergers and acquisitions (M&A), investment and corporate advisory and stock brokering services through its wholly-owned stock brokerage subsidiary, SB Equities, Inc.