Published on 7/13/2018 in the Prospect News Emerging Markets Daily.
New Issue: Philippines’ Vista Land sells PHP 7.7 billion seven-, 10-year bonds
By Marisa Wong
Morgantown, W.Va., July 13 – Vista Land & Lifescapes, Inc. said it obtained a corporate notes facility consisting of PHP 1.7 billion of seven-year notes and PHP 6 billion of 10-year notes.
The seven-year notes have a fixed coupon of 7.4913%, and the 10-year notes have a fixed coupon of 7.7803%.
Vista Land is a Mandaluyong City, Philippines-based homebuilder.
| Issuer: | Vista Land & Lifescapes, Inc.
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| Issue: | Fixed-rate notes
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| Amount: | PHP 7.7 billion
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| Announcement date: | July 13
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| Seven-year notes
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| Amount: | PHP 1.7 billion
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| Maturity: | Seven years
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| Coupon: | 7.4913%
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|
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| 10-year notes
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| Amount: | PHP 6 billion
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| Maturity: | 10 years
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| Coupon: | 7.7083%
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|
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