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RLC eyes PHP 12.0 billion from bonds

10 Dec

Robinsons Land Corp. (RLC) plans to raise as much as PHP 12.0 billion from the issuance of fixedrate bonds to pay some of its debt and fund capital expenditures.

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The company intends to issue fixed-rate bonds in the aggregate amount of PHP 10.0 billion with an oversubscription option for an additional PHP 2.0 billion.

The property development arm of tycoon John Gokongwei is earmarking PHP 15.0 to PHP 17.0 billion for its fiscal year 2015, its largest capex to date.

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Posted by on December 10, 2014 in Corporate News, RLC, Stock Market

 

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