Vista Land & Lifescapes Inc. (VLL) raised $300 million from the sale of 7-year corporate notes through its subsidiary VLL International Inc.
It is the first 7-year tenor notes offered under its $1b debut medium term note program.
The bonds has a nominal rate of 7.375%.
Proceeds from the offering “will primarily be used for refinancing, general working capital purposes and other general corporate purposes.”
The unsecured notes were issued as part of the com-pany’s liability management exercise designed to extend its US dollar notes due 2018 and 2019.