Vista Land raises US200M from note issue
July 14, 2020

Vista Land & Lifescapes, Inc., one of the country’s largest integrated developers and the biggest homebuilder, has successfully raised US0 million from the issuance of 7.25 percent Senior Guaranteed Notes Due 2027.

In a disclosure to the Philippine Stock Exchange, Vista Land said its wholly-owned subsidiary VLL International, Inc. has executed a Subscription Agreement for the offer, sale and issuance of the notes.

The firm had tapped Credit Suisse (Singapore) Limited, DBS Bank Ltd., and The Hongkong and Shanghai Banking Corporation Ltd. to be the Issue Managers, pursuant to its US billion  Medium Term Note Program.

BDO Capital & Investment Corporation and China Bank Capital Corporation acted as domestic lead managers for the issuance of the Notes.

The Notes issued by VLL International, Inc. are unconditionally and irrevocably guaranteed by Vista Land and certain VLL subsidiaries as Subsidiary Guarantors.

Vista Land posted a 10 percent growth in net income to P11.6 billion last year from P10.5 billion in 2018.

The firm said earnings rose because of the strong performance of its commercial assets and sustained contribution from its residential business.

Consolidated revenues grew 7 percent to P44.4 billion from P41.5 billion last year as leasing income posted an increase of 20 percent to P8.5 billion while revenues from real estate increased by 3 percent to P32.8 billion.

“We are pleased with the Company’s 2019 performance as both our leasing and residential businesses provided steady growth,” said Vista Land Chairman Manuel B. Villar, Jr.

He noted that, “Revenue growth from our existing investment properties of about 1.5 million square meters continues to be strong.”

“In terms of our residential business, we have recorded reservations sales of P78.5 billion as well as launched projects mostly outside Metro Manila with an estimated value of P38.5 billion for 2019,

composed of affordable housing and CoHo projects, our version of Mid-rise buildings,” Villar added.

Vista Land President and CEO of Manuel Paolo Villar said “The start of 2020 has been challenging with the occurrence of a series of unforeseeable events, especially the COVID-19 pandemic.”

He disclosed that, “Vista Land will refocus on optimizing its existing portfolio of investment properties as well as utilize its current land bank of about 3,000 hectares.”

“We saw that demand for affordable housing persists and homebuyers, most of which are end users, remain committed to completing payments,” he noted.

Villar added that, “Vista Land is also taking advantage of its geographic reach. We have a presence in 147 cities and municipalities across the country and generate over 50 percent of our revenue outside Metro Manila.” Vista Land intends to focus on the development of Communicities, an integrated urban developments combining lifestyle retail, prime office space, university town, healthcare, themed residential developments and leisure components.

https://mb.com.ph/2020/07/14/vista-land-raises-us200m-from-note-issue/


Stockholders meeting schedule
August 09, 2010
Stockholders meeting schedule
Read More >>

Wil Tower expands Vista Residence's role in condo market
August 06, 2010
Vista Land said the project will generate P4 billion in revenues and is targeted for completion in 2014.
Read More >>

Wil Tower expands Vista Residence's role in condo market
August 04, 2010
Sustaining its momentum in the condominium segment, publicly listed holding company Vista Land continues to expand its role in condo construction with its Quezon City project, Wil Tower Mall, its anchor development in 2010 under Vista Residences, the grou
Read More >>

Local Shares Closed Higher
January 12, 2010
Local shared closed higher yesterday, helped by investos buying clutch of blue chips on good performance of overseas markets; "Asian markets are up while Dow Futures is indicating a strong opening tonigh," says Jose Vistan, research head at AB Captial Sec
Read More >>

A year of learning affirmations for top property developers
January 09, 2010
Builders by nature are optimistic. But when reality bites do builders look down? In 2009, developers faced storms both financial and climatic. How did some of the country s most noteworthy developers face these challenges?
Read More >>

previous | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | next
Home About Vista Land News Investor Relations Contact Us Privacy Policy

Vista Land & Lifescapes, Inc. Upper Ground Floor, Worldwide Corporate Center, Shaw Boulevard, Mandaluyong City, 1552 Philippines

Copyright 2011-2017 Vista Land & Lifescapes Inc.