Saturday 20 January
Powered by Ajaxy
Jan 9, 2018 @ 21:05

Sta. Lucia to offer up to P3B debt notes

 

Sta. Lucia Land Inc. plans to raise up to P3 billion from the issuance of seven-year corporate notes.

In a stock exchange filing, SLI said it was authorized by its board to negotiate for a corporate notes facility with financial institutions, with a maximum of 19 investors.

Proceeds from the issue will be used to prepay existing obligations, fund projects and general corporate purposes.

The company will enter into partnerships to develop properties in Baguio City, Bulacan, Quezon City, Cavite, Rizal, Batangas, Palawan and Negros Occidental.

To ensure continued growth, Sta. Lucia is also set to acquire several parcels of land in Dagupan, Cavite, Laguna, Batangas, Rizal, Iloilo, Davao and General Santos City.

Tags: , , , , , , , , , , , , , , ,

Related Stories
Infrastructure conglomerate Metro Pacific Investments Corp. raised P8 billion from a syndicated term loan facility.
Aseagas Corp., a wholly-owned subsidiary of Aboitiz Power Corp., has settled P2.37 billion in debt
Ramos family-led Anglo Philippine Holdings Corp has acquired a 23.8 percent interest in Atlas Consolidated
Sta. Lucia Land Inc. retained its top credit rating from Credit and Investors Services Philippines,


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - bilyonaryo.com.ph.