Clifford Chance advises investors on Cebu Pacific’s private placement of US$250 million convertible bonds 12 May 2021 Clifford Chance advises investors on Cebu Pacific’s private placement of US$250 million convertible bonds Leading international law firm Clifford Chance has advised International Finance Corporation, IFC Emerging Asia Fund, LP and Indigo Philippines LLC, an affiliate of private equity firm Indigo Partners LLC, on the private placement of US$250 million convertible bonds due 2027 by low-cost carrier Cebu Air, Inc. (Cebu Pacific) listed on the Philippines Stock Exchange. The bonds are convertible into common shares of Cebu Pacific. The shares issued as a result of the conversion of the convertible bonds will be listed on the Philippines Stock Exchange.