Robinsons Land Corp. has successfully raised P13.2 billion from the issuance of fixed rate bonds due 2023 and 2025.
Robinsons said Friday in a disclosure to the stock exchange the P13.2-billion retail bonds were listed on Philippine Dealing Exchange Corp. through a virtual ceremony.
The three-year bonds due 2023 carry a coupon rate of 3.683 per annum while the five-year bonds due 2025 has an annual coupon rate of 3.8 percent.
The market received the bonds strongly, enabling Robinsons Land to tap a portion of the over allotment option to raise a total of P13.2 billion in fresh capital.
“We are very grateful of the market’s positive reception of our bond offer resulting to it being oversubscribed. It underscores the investors’ continued vote of confidence in the company’s strength and growth prospects,” said Robinsons Land president and chief executive Frederick Go.
