Robinsons Land eyes P5-B bond float

THE GOKONGWEIS’ PROPERTY development arm Robinsons Land Corp. plans to offer up to P5 billion more in domestic bonds immediately following a successful maiden issue that raised the same amount.

In a disclosure to the Philippine Stock Exchange yesterday, RLC corporate secretary Rosalinda Rivera said the company would like to issue additional fixed-rate bonds worth P3 billion with an option to upsize the offering by another P2 billion. This would be subject to the registration requirements of the Securities and Exchange Commission.

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