House and lot developer Vista Land and Lifescapes Inc. has set the coupon rates for its seven-year and 10-year bond offerings worth P5 billion. Vista Land said in a disclosure to the stock exchange the seven-year bonds due will carry an interest rate of 5.7512 percent a year, while 10-year bonds due 2007 will have an interest rate of 6.2255 annually. The property firm has tapped Chinabank Capital as issue manager and underwriter for the fund raising activity. The bonds will be listed at Philippine Dealing & Exchange Corp.Vista Land is one of the leading integrated property developers in the Philippines and the largest homebuilder in the country. Vista Land since starting operations in 1977 has built over 300,000 homes.

Source: The Standard July 17, 2017 11:26 UTC