Robinsons Land plans P12-B bond sale

ABS-CBN News

Posted at Dec 09 2014 10:00 AM | Updated as of Dec 09 2014 06:00 PM

MANILA, Philippines - Gokongwei-led Robinsons Land Corp. said it will issue up to P12 billion in fixed rate bonds.

The amount includes a P2 billion oversubscription option.

The bond sale is subject to the requirements of the Securities and Exchange Commission and the rating process of the Philippine Rating Services Corp.

Proceeds to be used for capital expenditure, said Bach Johann Sebastian, senior vice president of Robinsons Land's parent firm JG Summit Holdings Inc. - With Reuters