VISTA LAND & LIFESCAPES, Inc. has obtained a three-year corporate note facility of up to P12 billion that it will use to refinance its obligations, the Villar-led property developer said on Thursday.
The company has tapped BDO Capital & Investment Corp. and China Bank Capital Corp. as lead arrangers and bookrunners and with Union Bank of the Philippines as joint lead arrangers. China Bank Corp.-Trust and Asset Management Group is the facility agent. “[This] is also amid the need to hedge borrowing requirements amid the rising trend in global and local interest rates as seen in recent months amid higher inflation,” Mr. Ricafort added.
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