By Rebecca Melvin
Concord, N.H., April 1 – Vistamalls Inc., a subsidiary of Vista Land & Lifescapes, Inc., priced PHP 4 billion five-year corporate notes at a fixed-rate of 6.6416%, according to a 17-C filing with the Philippine Securities and Exchange Commission.
SB Capital Investment Corp. is the lead arranger and bookrunner of the notes, which was the initial drawdown of a five-year corporate notes facility for a total of PHP 6 billion.
Proceeds of the corporate notes facility will be used to refinance existing or maturing obligations of the group and for the other general corporate purposes.
Vista Land is the parent company of Vistamalls Inc., an investment, real estate and leasing business based in the Philippines.
| Issuer: | Vistamalls Inc.
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| Parent: | Vista Land & Lifescapes, Inc.
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| Amount: | PHP 4 billion
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| Issue: | Fixed-rate corporate notes
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| Term: | Five years
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| Bookrunner: | SB Capital Investment Corp.
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| Coupon: | 6.6416%
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| Announcement date: | March 31
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