Manila, Philippines

Vista Land (VLL) Offers 10-Yr Bonds at 6.2255% p.a.

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Vista Land & Lifescapes, Inc. (PSE: VLL) is issuing a P5B worth of fixed-retail bonds. VLL will use the amount raised to finance its real estate and property development projects across the country.

VLL Banner


  • 5.7512% p.a. for the Seven Year Bonds Due 2024
  • 6.2255% p.a. for the Ten Year Bonds Due 2027

VLL Bond rate

SEC gave approval for VLL to issue P3M worth for this tranche with an oversubscription option of another P2M in case of strong demand from investors/ lenders. This first tranche is part of the P20M approved by SEC for VLL as shelf registration – good for 3 years, which means you can expect more VLL bonds offerings for the next 3 years (and from other companies who availed of this shelf-registration).


The Bonds will be offered by VLL through the sole underwriter, China Bank Capital Corporation.Chinabank Logo


This tranche of VLL bonds is offered from July 18 to July 28, 2017 or until supplies last.


The Bonds are set to be issued on August 4, 2017.


Usually, bonds minimum investment is P50,000 and multiples of P10,000 for investment amounts exceeding P50,000. But to be sure get in touch with the underwriter.


Credit Rating and Investors Services Philippines, Inc. (“CRISP”) has rated the VLL Bonds as ‘AAA‘, which is the highest rating assigned by CRISP. Reasons for the AAA rating are: sustained leadership in low-cost and affordable housing, strong financial performance, strong management and successful operating model. CRISP outlook for VLL is stable.


So which one do you prefer? Lend to Villar and VLL via bonds? Or partner with Villar, buy a small portion of his company via stocks? Why not both right?

Source: VLL disclosures in PSE Edge

Photos from Vista Land and Chinabank website.

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2 Responses

  1. GerryLak says:

    This is nicely put. !

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