Robinsons Land Lists Over P13B 3-Year & 5-Year Fixed-Rate Bond on PDEx

Robinsons Land Corporation (RLC) listed its PhP13.2-billion, 3-year and 5-year fixed-rate bonds due 2023 and 2025 with a coupon rate of 3.6830% and 3.8000% per annum on the Philippine Dealing and Exchange Corporation (PDEx) virtually held listing ceremony this morning, 17 July 2020.

The bond was strongly received enabling RLC to increase the issue size from PhP10 billion to a total of PhP13.2 billion.

“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 Corp President and CEO, Mr. Frederick D. Go.

“This is a result of our unwavering commitment to ensure that we will be able to consistently deliver value to our stakeholders. Amid the community quarantine, temporary business closure and other challenges that were brought upon by the pandemic, Robinsons Land remained resilient and agile, and emerged a stronger company”, he added during the ceremony.

Joint Lead Underwriters and Bookrunners were BDO Capital & Investment Corporation, BPI Capital Corporation, China Bank Capital Corporation, First Metro Investment Corporation and Standard Chartered Bank.