JG Summit begins non-deal roadshow
The Philippines conglomerate tests the water for a potential bond transaction.
JG Summit Holdings began a non-deal roadshow in Manila yesterday, managed by Credit Suisse and Deutsche Bank. The roadshow is heading to Hong Kong today and Singapore tomorrow. The company, one of the PhilippinesÆ largest conglomerates, will test investment sentiment to potentially price a high-yield bond to refinance its 2008 bonds maturing in June.
The company, rated B by Standard and PoorÆs, priced a $300 million bond in January 2006 via sole-lead Credit Suisse.
ôThe company is under no pressure...
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