New Issue: Philippines’ Vista Land sells PHP 14.5 billion 7 1/8% five-year notes

By Marisa Wong

Los Angeles, July 22 – Vista Land & Lifescapes, Inc. priced PHP 14.5 billion of 7 1/8% five-year notes, according to a 17-C filing with the Philippine Securities and Exchange Commission.

PNB Capital & Investment Corp. is lead arranger and bookrunner.

Subsidiaries Brittany Corp., Crown Asia Properties, Inc., Camella Homes, Inc., Communities Philippines, Inc., Vista Residences, Inc. and Starmalls, Inc. are the guarantors.

Proceeds will be used to fund the company’s 2019 capital expenditures for commercial property projects and to fund other general corporate purposes.

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

Issuer:	Vista Land & Lifescapes, Inc.
Guarantors:	Brittany Corp., Crown Asia Properties, Inc., Camella Homes, Inc., Communities Philippines, Inc., Vista Residences, Inc. and Starmalls, Inc.
Issue:	Fixed-rate corporate notes
Amount:	PHP 14.5 billion
Maturity:	Five years
Bookrunner:	PNB Capital & Investment Corp.
Coupon:	7 1/8%
Announcement date:	July 19

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.