Cyberzone Properties Inc., a wholly owned unit of Filinvest Land Inc., has successfully raised P6 billion from the issuance of fixed rate bonds on strong demand from investors. The company tapped BDO Capital and Investments Corp., BPI Capital Corp., EastWest Baking Corp. and First Metro Investments Corp. as joint issue managers and book runners of the bond offering. PNB Capital and Investments Corp and SB Capital are co-lead underwriters. The bonds received a credit rating of PRS Aaa from Philippine Rating Services Corp.PRS Aaa is the highest rating possible with minimal credit risk. The assigned issue credit rating and outlook reflect the company’s competitive and focused office portfolio, which has been consistently growing while maintaining high occupancy rates amid the supportive economy and industry outlook,.

Source: The Standard July 07, 2017 11:37 UTC