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Puregold plans ₱12-B corporate notes issue

Business

Puregold plans ₱12-B corporate notes issue

By James A. Loyola

Retailer Puregold Price Club, Inc. is planning a ₱12-billion Corporate Notes issuance “as an opportunistic strategy to raise long-term money at low interest rates.

” In a disclosure to the Philip-pine Stock Exchange, the firm said its Board of Directors has already approved the planned issuance. “

The proceeds will be deployed for growth initiatives and to accelerate business expansion by opening more Puregold and S&R stores in strategic areas in order to continue to provide basic goods and essential products in those markets,” Puregold said.

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