General Announcement::DMPL to issue US$90 million 3-Year Senior Fixed-rate Notes

Issuer & Securities

Issuer/ Manager
DEL MONTE PACIFIC LIMITED
Securities
DEL MONTE PACIFIC LIMITED - VGG270541169 - D03
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
03-Dec-2021 17:16:51
Status
New
Announcement Sub Title
DMPL to issue US$90 million 3-Year Senior Fixed-rate Notes
Announcement Reference
SG211203OTHRRC12
Submitted By (Co./ Ind. Name)
Antonio E S Ungson
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Further to our disclosure dated 22 November 2021, Del Monte Pacific Limited ("DMPL") has successfully priced an aggregate principal amount of US$90 million 3-year unrated Senior Notes ("Notes") with a fixed coupon rate of 3.75%, payable semi-annually. The Notes were priced with a yield of 4.00% at a reoffer price of 99.30%. Credit Suisse acted as Sole Global Coordinator and Union Bank of the Philippines acted as Domestic Lead Manager. Approval in-principle has been received for the listing of the Notes on the Singapore Exchange Securities Trading Limited.

The transaction marks DMPL's inaugural issuance in the international debt capital markets, establishing a new source of funding.

These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States or in any other jurisdiction where it is unlawful to do so. The securities to which these materials relate have not been and will not be registered under the U.S. Securities Act of 1933 (the "Securities Act" ), or the securities laws of any state of the United States or other jurisdiction and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state or local securities laws.

The Notes are not and will not be registered with the Philippine Securities and Exchange Commission. Any future offer or sale of the securities in the Philippines is subject to the registration requirements under the Philippine Securities Regulation Code, unless such offer or sale qualifies as a transaction exempt from these requirements.