Vista Land & Lifescapes, Inc., the property development arm of the Villar Group, said Monday it will issue additional corporate notes worth a total P4 billion.
The corporate notes, due April 2026, will carry a fixed interest rate of 7.6264 percent.
Vista Land said the proceeds of the additional three-year debt notes “will be used to refinance existing or maturing obligations and for the other general corporate purposes.”
The group has mandated BDO Capital & Investment Corp., China Bank Capital Corp., and SB Capital Investment Corp. as lead arrangers and bookrunners while China Banking Corp.–Trust and Asset Management Group its debt note agent.
Vista Land said its subsidiaries Brittany Corp., Crown Asia Properties, Inc., Camella Homes, Inc., Communities Philippines, Inc., Vista Residences, Inc., and Vistamalls, Inc. are designated subsidiary guarantors.
