Manila's Universal Robina to sell 3 bln pesos of 5-yr notes

MANILA, March 27 (Reuters) - Philippine food firm Universal Robina Corp (URC) (URC.PS) said on Friday it will sell 3 billion pesos ($62 million) of five-year fixed rate notes to fund its capital spending and general operations.

The company, a unit of conglomerate JG Summit Holdings Inc (JGS.PS), said the notes would be taken up by not more than 19 primary institutional lenders.

HSBC is lead manager and SB Capital Investment Corp co-manager for the notes issue.

URC -- a maker of snacks, sweets, noodles and juices -- derives about 75 percent of its revenue from the sale of branded consumer food goods and the rest from products such as flour, sugar, animal feeds, hogs and poultry.

Another Philippine firm, Globe Telecom Inc (GLO.PS), said on Friday it had tapped state lender Land Bank of the Philippines for a term loan facility worth 1 billion pesos.

Globe, the country's second largest telecoms company said it would use proceeds from the loan to finance its capital spending. Last month, Globe raised 5 billion pesos from the sale of 3-year and 5-year bonds to fund its operations this year.

With the equities market in the dumps and global debt markets still volatile, many Philippine firms have resorted to raising funds through bank loans or domestic bond issues this year to take advantage of good credit and liquidity conditions locally. ($1 = 48.19 pesos) (Reporting by Rosemarie Francisco; Editing by Lincoln Feast)