A story in the May 10 edition of the Prospect News Emerging Markets Daily incorrectly described the maturity date for the notes issued by Vista Land & Lifescapes Inc. The maturity date is Sept. 30, 2015. A corrected version of the story follows:
By Christine Van Dusen
Atlanta, May 9 - Philippines-based Vista Land & Lifescapes Inc. priced a $75 million tap of its existing 8¼% notes due Sept. 30, 2015, according to a company filing.
The notes, via UBS, were upsized from $50 million. The issue now totals $175 million.
Proceeds will be used for capital expenditures and general corporate purposes.
No other details on the terms were immediately available.
Vista Land & Lifescapes is a Mandaluyong City, Philippines-based homebuilding company.
| Issuer: | Vista Land & Lifescapes Inc.
|
| Amount: | $75 million, increased from $50 million
|
| Maturity: | Sept. 30, 2015
|
| Description: | Notes
|
| Bookrunner: | UBS
|
| Coupon: | 8¼%
|
| Trade date: | May 6
|
| Total issue size: | $175 million, including $100 million priced previously
|
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