Vista Land to issue more dollar-denominated securities
A wholly-owned unit of Vista Land & Lifescapes Inc., will be issuing another tranche of its dollar-denominated notes under its $1 billion medium-term note program.
VLL International Inc. said the dollar-denominated notes have an initial price guidance of 6.125 percent, Vista Land said in a stock exchange filing.
The notes will be guaranteed by Brittany Corp., Camella Homes, Communities Philippines, Crown Asia Properties, Starmalls, and Vista Residences.
Proceeds from the issue will be used to fund the tender offer of the existing 2018 and 2019 bonds, refinance existing debt, and for general corporate purposes.
VLL has tapped DBS Bank Ltd. and HSBC as joint lead managers for the offering.