Robinsons Land Corp., the real estate arm of the Gokongwei Group, said Monday it has mandated several investment banks to manage and underwrite a P15 billion fixed-rate bond offer.
The bond offer, comprised of P10 billion in principal amount plus P5 billion to cover oversubscription, is the second tranche of Robinsons Land’s P30 billion debt securities program initiated in August last year.
The listed real estate arm said it has mandated BDO Capital & Investment Corp., BPI Capital Corp., China Bank Capital Corp., First Metro Investment Corp., and SB Capital Investment Corp. as joint issue managers, joint lead underwriters and joint bookrunners for the debt offer.
It said Security Bank Corp.–Trust and Asset Management Group was named trustee, and Philippine Depository & Trust Corp. was appointed as registrar and paying agent.
Robinsons Land said the bonds shall be listed with the Philippine Dealing & Exchange Corp. when issued.
Other details of the bond sale weren’t immediately disclosed by Robinsons Land.
