By Rebecca Melvin
Concord, N.H., June 3 – Vista Land & Lifescapes, Inc., the parent company of Vistamalls Inc., has issued PHP 2 billion additional five-year corporate notes at a fixed rate of 7.2359%, according to a 17-C filing with the Philippine Securities and Exchange Commission.
The initial PHP 4 billion issue of five-year bonds with a 6.6416% rate was announced on March 31.
Proceeds of the additional notes will be used to refinance existing or maturing obligations of the group and for the other general corporate purposes.
SB Capital Investment Corp. was the lead arranger and bookrunner of the notes.
Security Bank Corp.– Trust and Asset Management Group is facility agent and registrar, and VLL’s subsidiaries, Brittany Corp., Crown Asia Properties, Inc., Camella Homes, Inc., Communities Philippines, Inc., Vista Residences, Inc., and STR are subsidiary guarantors.
The investment, real estate and leasing business is based in the Philippines.
| Issuer: | Vista Land & Lifescapes, Inc.
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| Amount: | PHP 2 billion
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| Issue: | Fixed-rate corporate notes
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| Term: | 2027
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| Bookrunner: | SB Capital Investment Corp.
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| Coupon: | 7.2359%
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| Announcement date: | June 1
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| Total deal size: | PHP 6 billion
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