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abo-food-bilyo-vista-land-camella Jul 27, 2018 @ 12:39

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.

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