30 June 2023, Makati, Philippines — Robinsons Land Corporation (RLC) lists its PHP 15 billion Fixed Rate Bonds on the Philippine Dealing & Exchange Corp. (PDEx). The issuance was warmly received by the market, allowing RLC to increase the issue size from PHP 10 Billion to a total of PHP 15 billion. The bonds have quarterly coupons priced at 6.0972% p.a. and 6.1663% p.a., and its proceeds will be used to refinance maturing liabilities; fund its capital expenditure budget for project development of the Company for calendar years 2023 to 2025; and support other general purposes.

In his welcome remarks, PDEx President and CEO Antonino A. Nakpil said: “We are delighted to celebrate the return of Robinsons Land Corporation to list PHP 15 Billion worth of 3-year and 5-year bonds. RLC came back last year for the first tranche of its PHP 30 Billion Securities Program and after 10 months is now completing that Program. As has been the experience before, its investors have shown strong enough demand to exercise the extra subscriptions. We … have … large issuances from the real estate segment in this last week of June, positive signs of the continuous turning of the engines of the economy. [I]ssuances met by equally enthusiastic investors ready to provide the funds to the issuer stakeholders.”

SEC Director Hon. Vicente Graciano P. Felizmenio, Jr. also graced the listing ceremony and delivered a special message. He remarked: “The Commission is very hopeful that today’s listing of Robinsons Land fixed rate bonds will further propel the development not only of the real estate industry, but of the country’s economy in general, towards our common goal of uplifting the lives of the Filipino people.”

RLC President and Chief Executive Officer Frederick D. Go also shared a few words on behalf of the issuer.

“We are extremely grateful to the investing community for their unwavering trust and confidence in the Robinsons Land brand.”

“With the capital raised, RLC will continue to build a solid portfolio of well-designed, sustainable real estate developments that define the local landscape and uplift communities across the Philippines.”, added Mr. Go.

This 7^th admission for 2023 brings the year-to-date total of new listings to PHP 92.48 billion, pushing the total level of tradable corporate debt instruments to PHP 1.36 trillion issued by 53 companies, comprised of 192 securities.