General Announcement::Del Monte Pacific Limited's Indirect Subsidiary Had Issued Senior Perpetual Capital Securities

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
20-Mar-2024 12:13:40
Status
New
Announcement Sub Title
Del Monte Pacific Limited's Indirect Subsidiary Had Issued Senior Perpetual Capital Securities
Announcement Reference
SG240320OTHRMREE
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 the Company's previous announcements, the Company's indirect subsidiary, Jubilant Year Investments Limited, had issued on 18 March 2024 US$70 million Senior Perpetual Capital Securities, which are guaranteed by Del Monte Philippines, Inc. (DMPI) and Philippine Packaging Management Service Corporation. The proceeds of such issuance will be used to settle certain derivative rights of DMPI minority shareholder, SEA Diner Holdings (S) Pte. Ltd., and redeem less than half of its shareholdings in DMPI.