PhP3.5B corporate notes issued by supermarket operator

June 3, 2011

Rustanís Supercenters, Inc. , operator of the Shopwise chain of hypermarkets and Rustanís supermarkets, successfully issued Php3.5B worth of corporate notes last May 20, 2011. The notes, consisting of Tranche A (5-year maturity with fixed interest rate), Tranche B (5-year maturity with floating interest rate) and Tranche C (7-year maturity with fixed interest rate), were offered by way of private placement to nine primary institutional lenders. The strong demands for the issue will pave the way for RSCIís expansion program.

The PJS LAW team was headed by partner Ramil E. Bugayong, and assisted by Miguel A. Robillo, Zarina Marie M. Vasquez and Marigel M. Baniqued.