Vista Land extends maturity profile to the horizon

Philippine property developer extends its maturity profile with a combined tender offering and US dollar bond issue.

Vista Land extends maturity profile to the horizon
South Luzon ex

Vista Land Lifescapes, the Philippine property developer, returned to international bond markets on Thursday with a combined tender offering and dollar-denominated bond issue. 

The group's liability management exercise was designed to extend its maturity profile and retire more expensive debt rather than increase its gearing.

Vista Land's bond issue comprised a $300 million seven-year transaction with a 2022 maturity that was priced at 7.5% after initially being marketed at 7.75%.

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