Vista Land issues additional P500M notes
Integrated property developer Vista Land & Lifescapes Inc. is issuing an additional P500 million in corporate notes to partly fund its capital expenditures and other general corporate purposes.
In a stock exchange filing, Vista Land said the notes carry a fixed interest of 7.4985 percent per annum.
Vista Land earlier raised P7.7 billion through the note issuance.
Vista Land?s subsidiaries — Brittany Corp., Crown Asia Properties, Camella Homes, Communities Philippines, Vista Residences and Starmalls were named as subsidiary guarantors.
Vista Land has set a capital spending program of P50 billion this year.