Rockwell Board Authorizes Corporate Notes Issuance

Makati—(PHStocks)—The board of Directors of Rockwell Land Corporation (PSE: ROCK) today authorized the Corporation to issue Corporate Notes under a notes facility of up to PhP10 billion.

First Metro Investment Corp. (PSE: FMIC) and PNB Capital and Investment Corp. are being appointed as Joint Lead arrangers. About PhP4 billion of the proceeds of the Facility will be used to refinance Rockwell Land’s existing loans, while the balance of up to PhP6 billion will be for various land acquisitions and capital expenditures.

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