Rockwell Land Corp., the listed property development arm of the Lopez Group, has secured the green light from the Securities and Exchange Commission for a P7-billion fixed-rate bond offering, with an oversubscription option of up to P3 billion to meet strong investor demand.
Rockwell said it obtained SEC Order No. 018, Series of 2026, and the corresponding Permit to Sell on March 3, authorizing the issuance of the bonds in up to two series.
Series A is a three-year tranche maturing in 2029 at a 5.5666 percent interest rate, while Series B is a five-year tranche due in 2031 at 5.8595 percent. The public offer runs from March 4 to March 10, 2026, with listing on the Philippine Dealing and Exchange Corp. scheduled for March 18.
The bonds are issued at 100 percent of face value, with interest computed on a 30/360 basis and paid quarterly. Philippine Ratings Services Corp. assigned a PRS Aaa rating with a Stable Outlook, signaling minimal credit risk—a key reassurance for investors.
Proceeds will fund ongoing land development and construction across Rockwell’s high-profile projects, including residential developments, Power Plant Mall Angeles, Rockwell at IPI Center, Aruga Hotel in Mactan, and Rockwell Center Bacolod.
BDO Capital & Investment Corp. and First Metro Investment Corp. will serve as joint lead underwriters and bookrunners, while Metropolitan Bank & Trust Co.–Trust Banking Group will act as trustee.
The bond issuance not only strengthens Rockwell’s liquidity but also underlines investor confidence in its strategic growth pipeline amid a dynamic property market. With solid backing and AAA-rated credibility, the P7-billion offering positions Rockwell to accelerate key projects while maintaining a robust financial footing.
