Philippines' Vista Land subsidiary plans offering of notes

By Marisa Wong

Madison, Wis., Sept. 25 - Vista Land & Lifescapes, Inc.'s board of directors approved the issuance of notes by wholly owned subsidiary VLL International, Inc., according to a 17-C filing with the Philippines Securities and Exchange Commission.

The notes will be guaranteed by the parent company.

Vista Land has appointed UBS, CLSA and HSBC as joint lead managers and joint bookrunners and BDO Capital as domestic lead manager.

The final terms of the offering, including the amount, coupon and maturity, will be determined in the coming weeks, the filing noted.

As previously reported by Prospect News, Vista Land began a roadshow on Sept. 13 in Hong Kong and Singapore to market a possible Regulation S deal.

The homebuilder is based in Mandaluyong City, Philippines.

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