Conglomerate JG Summit Holdings, Inc., has raised $750 million in a bond issue – considered to be one of the largest international issues by a company in the Philippines. It has achieved the lowest yield ever for a 10-year dollar-denominated bond. The senior unsecured notes, with a coupon rate of 4.37 per cent, were priced at par and are due in 2023; they were issued by JGSH Philippines Limited and guaranteed by JG Summit. JG Summit will be utilising the proceeds for general corporate purposes. Citigroup and Credit Suisse were also joint lead managers for the issue. JG Summit owns Cebu Pacific Airlines and holds a stake in PLDT, apart from interests in the food and beverage and property development industries in the Philippines.