Philippines' Vista Land begins tender offer for 8¼% notes due 2015

By Susanna Moon

Chicago, April 7 - Vista Land and Lifescapes, Inc. said it began a tender offer for its 8¼% guaranteed notes due 2015.

The offer will run until April 22.

The notes are guaranteed by Brittany Corp., Camella Homes, Inc., Crown Asia Properties, Inc., Communities Philippines, Inc. and Vista Residences, Inc.

The offer is part of the issuer's management of its capital structure, according to a company press release.

The joint dealer managers are DBS Bank Ltd. (attn.: liability management, +65 6682 7256 or e-mail liabilitymgmt@dbs.com) and Hongkong and Shanghai Banking Corp. Ltd. (attn.: liability management, + 852 2822 4100 or + 44 207 992 6237, fax: + 852 3409 1482 or e-mail liability.management@hsbcib.com).

The information and tender agent is DF King Worldwide (attn.: Damian Watkin and Katerina Papamichael, e-mail vistaland@king-worldwide.com, +44 20 7920 9700 or 212 269 5550).

The homebuilder is based in Mandaluyong City, Philippines.

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