Property developer Vista Land & Lifescapes Inc., the real estate arm of billionaire Manuel Villar Jr., raised $300 million from the issuance of US-denominated unsecured fixed-rate notes.
The notes were issued under VLLI’s $2-billion medium term note program and were listed on the Singapore Exchange Securities Trading Ltd. The last time Vista Land issued dollar denominated bonds was in 2020 when it raised $200 million, which it used to refinance loans.
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Villar makes bet on casino businessTycoon Manuel Villar Jr., the country’s richest man, is set to open his casino next year, as he rolls the dice on the lucrative gaming sector for the first time.
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