SG debt listings Monday: Food Service Project

Euro coinsPhoto by Leslie Shaffer

These are entities which announced debt listing confirmations in Singapore on Monday, 21 February 2022: Food Service Project S.A. 

Food Service Project S.A. 

Food Service Project S.A. said Monday its EUR300 million 5.5 percent unsecured and unsubordinated notes due 2027 (ISIN codes: XS2432310436 and XS2432286974) would be listed on SGX’s bond market on Tuesday. 

The notes, which will trade in euro, will be in denomination of EUR100,000, with a minimum board lot size of EUR200,000, the company said in a filing to SGX. 

Food Service Project S.A. is one of the largest restaurant operators in Latin America and Europe, with its brand portfolio including Domino’s Pizza, Starbucks, Burger King, Chili’s Grill & Bar, P.F. Chang’s, The Cheesecake Factory and Ole Mole.

As of end-September 2021, the company operated 4,219 units, with 76 percent in the fast-food and coffee shop segment in Mexico, Spain, Argentina, Colombia, Chile, France, Portugal, Benelux and Uruguay, according to the offering prospectus.

The global coordinators and joint active bookrunners of the offering were BofA Securities, ING, Santander and Societe Generale, with joint passive bookrunners of CaixaBank, Rabobank, Sabadell and Scotiabank, the offering document said.