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Vista Land & Lifescapes Inc. said it eyes to raise P35 billion through the sale of peso-denominated fixed-rate bonds within three years.
The initial tranche shall involve the offer and issuance of up to P10 billion consisting of up to P6 billion with an oversubscription option of up to P4 billion,” the Villar-led realtor said.
Vista Land said its management has yet to determine the bond sale’s terms and conditions.
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Vista Land has issued a mandate for China Bank Capital Corp., SB Capital Investment Corp., and Union Bank of the Philippines as joint lead underwriters and joint bookrunners for the offer.
Vista Land closed the first half with a profit of P3.17 billion.
Revenue hit P18.3 billion, up 8 percent from P16.94 billion.
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