Vista Land eyes $300 M from dollar notes issuance
The Philippine Star|July 23, 2024
Vista Land & Lifescapes Inc. could raise $300 million from the issuance of dollar-denominated notes through its wholly owned international subsidiary.
RICHMOND MERCURIO

In a stock exchange filing yesterday, the listed property developer of the Villar Group, disclosed plans for a potential issuance by subsidiary VLL International Inc. of senior unsecured fixed-rate notes under its $2 billion medium-term note program.

The planned notes to be issued will have a five year-tenor with a maturity date of July 29, 2029 and an initial price guidance of 9.5 percent area.

The proceeds will be used for refinancing, working capital, investment and other general corporate purposes.

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