SB Capital Investment Corporation recently co-managed a Php3 billion privately-placed corporate notes issue for Universal Robina Corporation (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 Corporation 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