Vista Land raises $300m from foreign bond market

Property developer Vista Land & Lifescapes Inc., the real estate arm of the Villar family, raised $300 million from the issuance of US-denominated unsecured fixed-rate notes.

It said it would use the net proceeds for refinancing, working capital, investment and other general corporate purposes. The notes are guaranteed by the company and subsidiaries Brittany Corp., Camella Homes Inc., Communities Philippines Inc., Crown Asia Properties Inc., Vista Residences Inc. and Vistamalls, Inc.

Vista Land last issued dollar denominated bonds in 2020 when it raised $200 million which it used to refinance loans.

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