Rockwell Land Corporation has returned to the debt market with a P10 billion bond issuance—its first since 2013—drawing strong demand and signaling renewed investor confidence in the premium developer.
The fixed-rate bonds were listed on the Philippine Dealing and Exchange Corporation on March 18, 2026. The offer included three-year notes priced at 5.5666 percent and five-year papers at 5.8595 percent.
Investor appetite was robust, with the orderbook swelling to about five times the P7 billion base offer. The oversubscription reflected broad participation from both retail and institutional buyers, underscoring confidence in the company’s long-term growth prospects despite global headwinds.
Chairman Nestor Padilla credited strong partnerships for the successful fundraising, saying the company was “pleasantly surprised” by the reception and calling the deal a testament to enduring relationships.
Proceeds will bankroll capital expenditures, including land development and key projects such as Power Plant Mall Angeles, Rockwell at IPI Center Cebu, Aruga Mactan Hotel, and Rockwell Center Bacolod.
The issuance earned a top-tier PRS Aaa rating with a Stable Outlook from the Philippine Ratings Services Corporation, indicating minimal credit risk and a strong capacity to meet financial obligations.
