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Vista Land and Lifescape Inc. is looking to raise P10 billion through a bond sale.
The company will initially offer P6 billion, with an oversubscription of up to P4 billion, consisting of Series F bonds due 2026 and Series G bonds due 2028.
The bond sale is part of Vista Land’s P35 billion debt securities program that it can issue in three years.
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The Villar- controlled realtor said it intends to primarily use the net proceeds to refinance maturing obligations and for general corporate purposes.
Vista Land tapped China Bank Capital Corp., SB Capital Investment Corp., and Union Bank of the Philippines as joint lead underwriters and bookrunners for the offer with China Banking Corp. Trust and Asset Management Group as the trustees.
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