Philippines' Robinsons Land plans another PHP 3 billion bond issue

By Angela McDaniels

Tacoma, Wash., July 15 - Robinsons Land Corp. plans to issue additional fixed-rate bonds in a PHP 3 billion offering with a greenshoe for another PHP 2 billion of bonds, according to a notice filed with the Philippine Stock Exchange.

The company recently issued PHP 5 billion of 8½% bonds due 2014 in the Philippine market, which included the exercise of a PHP 2 billion greenshoe.

Hongkong and Shanghai Banking Corp. Ltd. and SB Capital Investment Corp. were the joint issue managers for the first issue and will reprise their roles for the second. BDO Capital and Investment Corp., BPI Capital Corp., Hongkong and Shanghai Banking and SB Capital Investment are joint lead managers.

Hongkong and Shanghai Banking is the bookrunner.

Proceeds will be used for capital expenditures.

Robinsons Land is a Pasig City, Philippines-based property developer and a unit of JG Summit Holdings, Inc.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.