Vista Land Eyes ₱10-B From 1st Tranche Of ₱35-B Bonds

Vista Land & Lifescapes, Inc., the integrated real estate developer of the richest Filipino, Manuel B. Villar, is aiming to raise up to P10 billion from a bond offering, part of its planned shelf registration of P35 billion worth of bonds.

Vista Land reported consolidated revenue of P18.3 billion for the period, representing an 8 percent increase. I Photo: Vista Residences

In a disclosure to the Philippine Stock Exchange, the company announced that its Board of Directors has approved the application with the Securities and Exchange Commission for the registration of Philippine peso-denominated fixed-rate bonds totaling P35 billion.

These bonds will be issued in tranches within a three-year period from the effective date of the registration statement for the Shelf Bonds.

Vista Land reported consolidated revenue of P18.3 billion for the period, representing an 8 percent increase. Real estate revenue amounted to P8.0 billion, while rental income reached P7.9 billion for the first half of 2023.

Gross profit stood at P4.7 billion, with EBITDA totaling P10.0 billion. Vista Land improved its gross margin by over 300 basis points, reaching 59%.

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