By Marisa Wong
Madison, Wis., April 23 - Vista Land & Lifescapes Inc. announced it raised PHP 4.5 billion through the issuance of domestic corporate notes.
The notes have a maturity of five years.
The company said it had intended to offer PHP 3 billion of the notes, but the deal was oversubscribed and subsequently upsized.
BDO Capital & Investment Corp. and Investment & Capital Corp. of the Philippines managed the offer.
Proceeds will be used to partially refinance the company's existing debt.
Vista Land is a Mandaluyong City, Philippines-based homebuilder.
| Issuer: | Vista Land & Lifescapes Inc.
|
| Issue: | Domestic corporate notes
|
| Amount: | PHP 4.5 billion
|
| Maturity: | Five years
|
| Managers: | BDO Capital & Investment Corp. and Investment & Capital Corp. of the Philippines
|
| Announcement date: | April 23
|
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