Vista Land & Lifescapes Inc. has raised P2 billion in funding anew through a notes issuance.
The notes form part of the P6 billion-approved corporate notes facility the company obtained in March.
The current notes fetched a coupon rate of 7.2359 percent, due 2027.
The notes were guaranteed by Vista Land units Brittany Corp., Crown Asia Properties Inc., Camella Homes Inc., Communities Philippines Inc., Vista Residences Inc. and Vistamalls Inc.
Vista Land said it will use the proceeds to “refinance existing or maturing obligations of the group and for the other general corporate purposes.”
The notes were issued to Union Bank of the Philippines, with SB Capital Investment Corp. as lead arranger and bookrunner.
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