JGSH Philippines unit buys back $138.83 million 4 3/8% bonds

By Mary-Katherine Stinson

Lexington, Ky., Dec. 8 – JGSH Philippines, Ltd., a subsidiary of JG Summit Philippines, Ltd., announced that JG Summit repurchased a total of $138,826,000 of the 4 3/8% bonds due Jan. 23, 2023 in the open market, according to a notice.

The bonds were issued by JGSH Philippines.

JGSH canceled the repurchased bonds on Dec. 7.

Following the repurchase and cancellation, $611,174,000 of the bonds are outstanding.

The bonds had an original issue size of $750 million.

JG Summit Philippines is a subsidiary of JG Summit Holdings, Inc., which guaranteed the bonds. JG Summit is a Philippines conglomerate with business interests in air transportation, banking, food manufacturing, hotels, petrochemicals, power generation, publishing, real estate and property development and telecommunications.

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