An article that appeared in the April 24 issue of the Prospect News Emerging Markets Daily included the incorrect dollar amount for Vista Land's bond issue. A corrected version of the story follows:
By Christine Van Dusen
Atlanta, April 28 - Philippines-based Vista Land and Lifescapes Inc. priced a $225 million issue of 7.45% five-year notes at 99.284 to yield 7 5/8%, according to a company announcement.
HSBC and DBS were the bookrunners for the Regulation S deal.
The proceeds will be used to refinance existing debt, to partially fund capital expenditures and for general corporate purposes.
The homebuilder is based in Mandaluyong City, Philippines.
| Issuer: | Vista Land and Lifescapes Inc.
|
| Amount: | $225 million
|
| Maturity: | April 29, 2019
|
| Description: | Senior notes
|
| Bookrunners: | HSBC, DBS
|
| Coupon: | 7.45%
|
| Price: | 99.284
|
| Yield: | 7 5/8%
|
| Trade date: | April 23
|
| Settlement date: | April 29
|
| Distribution: | Regulation S
|
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