SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Jan 23, 2020

2. SEC Identification Number

77487

3. BIR Tax Identification No.

000-388-771

4. Exact name of issuer as specified in its charter

JOLLIBEE FOODS CORPORATION DOING BUSINESS UNDER THE NAME AND STYLE OF JOLLIBEE

5. Province, country or other jurisdiction of incorporation

PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

10/F JOLLIBEE PLAZA BUILDING, 10 F. ORTIGAS JR. AVENUE, ORTIGAS CENTER, PASIG CITY Postal Code 1605

8. Issuer's telephone number, including area code

(632) 8634-1111

9. Former name or former address, if changed since last report

-

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON	1,097,104,596
TREASURY	16,447,340

11. Indicate the item numbers reported herein

-

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Jollibee Foods CorporationJFC

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
JFC to Issue US$600 Million Guaranteed Senior Perpetual Securities
Background/Description of the Disclosure
Jollibee Foods Corporation (JFC, the “Guarantor”), the largest food service company in the Philippines and one of the largest in Asia, announced today that it had successfully priced a US$600 million Reg S only US dollar-denominated guaranteed senior perpetual capital securities (the “Securities”) offering with an initial distribution rate of 3.9%, non-call (5 years) and payable semi-annually. The Securities will be issued by Jollibee Worldwide Pte. Ltd. (JWPL, the “Issuer”), a wholly owned subsidiary of JFC. This transaction represents the first ever bond or perpetual securities issuance from JFC and the first time that JFC has tapped the capital markets since its Initial Public Offering in 1993. This issuance is one of the first by an Asian restaurant company. The Securities are unrated and will be listed on the Singapore Exchange Securities Trading Limited. As disclosed by JFC in its press release dated 9 January 2020, proceeds from the offering are intended primarily to refinance the short-term debt from the acquisition of International Coffee and Tea, LLC (The Coffee Bean & Tea Leaf®), completed on September 24, 2019, as well as to fund initiatives aligned with Issuer’s general corporate purposes. The Securities will be accounted for as equity. The objective of management for this issuance is to further strengthen the balance sheet of JFC to build a stronger foundation for accelerating its growth in order to achieve its vision to become one of the top 5 restaurant companies in the world. The transaction was oversubscribed by almost 10 times the original intended issue amount of US$400 Million, allowing the company to upsize the transaction to US$600 Million and tighten final pricing by 35 basis points to 3.9% from the initial price guidance of 4.25%. This marks the lowest pricing for a 5-year perpetual Securities issued by a Philippine company reflecting the strong demand for a JFC bond and the reputable credit standing of the company.
Other Relevant Information
This disclosure is amended to update the public that on 23 January 2020, the proceeds of the entire issuance has been credited to the Issuer’s account, and this transaction is now closed and completed. The Securities shall be listed in the Singapore Exchange Securities Trading Limited (SGX-ST) on 24 January 2020.