Vista Land arranges investor calls ahead of possible notes offering

By Marisa Wong

Los Angeles, July 8 – Philippines’ Vista Land & Lifescapes, Inc. said it has mandated DBS Bank, HSBC and Credit Suisse as joint lead managers and joint bookrunners to arrange a series of fixed-income investor calls on Wednesday.

An offering of Regulation S-only dollar-denominated senior guaranteed notes may following, depending on market conditions, according to a 17-C filing with the Philippine Securities and Exchange Commission.

Any notes will be issued through VLL International, Inc. and guaranteed by Vista Land and some of its subsidiaries.

Proceeds may be used to refinance Vista Land’s existing notes due 2022 (ISIN: XS1248231299) through a tender offer and consent solicitation, also subject to market conditions.

Vista Land is a Mandaluyong City, Philippines-based homebuilder.

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