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Published on 11/20/2017 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Philippines' Vista Land calls 6¾%, 7.45% notes due 2018, 2019

By Wendy Van Sickle

Columbus, Ohio, Nov. 20 – Philippines-based Vista Land & Lifescapes, Inc. wholly owned subsidiary VLL International, Inc. called its $100 million of 6¾% notes due 2018 and its $225 million of 7.45% notes due 2019 for redemption, according to two company announcements.

The notes will be redeemed on Dec. 21 at par plus a make-whole premium plus accrued interest.

The redemptions are being funded by proceeds of a new issue of 5¾% notes due 2024.

Vista Land is a Mandaluyong City, Philippines-based homebuilder.


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