By Christine Van Dusen
Atlanta, Sept. 4 – Philippines-based Vista Land & Lifescapes Inc. priced a $125 million add-on to its 7.45% notes due April 29, 2019 at 102 to yield 6.935%, a market source said.
The original $225 million issue priced at 99.284 to yield 7 5/8%.
HSBC and DBS were the bookrunners for the Regulation S deal.
The proceeds will be used to finance capital expenditures and for general corporate purposes.
The homebuilder is based in Mandaluyong City, Philippines.
| Issuer: | Vista Land & Lifescapes Inc.
|
| Amount: | $125 million
|
| Maturity: | April 29, 2019
|
| Description: | Senior notes
|
| Bookrunners: | HSBC, DBS
|
| Coupon: | 7.45%
|
| Price: | 102
|
| Yield: | 6.935%
|
| Trade date: | Sept. 4
|
| Settlement date: | Sept. 29
|
| Distribution: | Regulation S
|
| Original issue: | $225 million priced at 99.284 to yield 7 5/8%
|
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