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Vista Land raises P6B via bond offer

VILLAR-LED Vista Land & Lifescapes Inc. said Wednesday it had successfully raised P6.0 billion from a Philippine peso-denominated fixed-rate bond offering under its P35-billion debt program.

In a disclosure, the real estate developer said the bond sale consisted of series F bonds due 2026 and series G bonds due 2028, which carry interest rates of 7.5426 percent and 7.6886 percent per annum, respectively.