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Villar's Vista Land taps foreign bond market, raises $300 million

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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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