Vista Land & Lifescapes, Inc., the property group of billionaire and former Senate President Manuel Villar, said Friday it has mandated DBS Bank Ltd. and HSBC as joint lead managers and bookrunners for a planned fund-raising overseas.
Vista Land said it is looking to issue senior unsecured, USD-denominated debt notes through its unit VLL International Inc., subject to market conditions.
VLL International has established a USD2 billion medium-term notes program,.
“Any notes will be issued by VLL International Inc., and be unconditionally and irrevocably guaranteed by the company and certain company subsidiaries as subsidiary guarantors,” Vista Land said.
It said proceeds from any debt note issued may be used for refinancing, working capital, investment and other general corporate purposes.
