Vista Land arranges investor calls ahead of possible tap of 2027 notes

By Marisa Wong

Los Angeles, May 10 – Philippines’ Vista Land & Lifescapes, Inc. said it mandated DBS Bank, HSBC and Credit Suisse as joint lead managers and joint bookrunners to arrange a series of fixed-income investor calls on Monday.

A reopening of Vista Land’s $200 million 7¼% notes due 2027 may follow, depending on market conditions, according to a 17-C filing with the Philippine Securities and Exchange Commission.

Any Regulation S add-on notes will be issued through VLL International, Inc. and guaranteed by Vista Land and some of its subsidiaries.

Proceeds may be used to refinance existing debt; to purchase, develop, construct or improve assets, property or equipment; or for general corporate purposes.

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

© 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.