Robinsons Land Corporation’s Fixed Rate Bonds Due 2026 and 2028
Robinsons Land Corporation (“RLC”) is one of the Philippines’ leading real estate developers in terms of revenues, number of projects and total project size. To-date, it is the second largest mall operator with its extensive portfolio of 53 lifestyle centers nationwide. It has 28 prime office developments anchored on the resilient BPO sector and it is the Sponsor of the biggest Philippine Real Estate Investment Trust in terms of asset size and geographic spread. RLC also has 5 workable centers in the growing flexible workspace segment. It is the largest hotel developer and operator in terms of number of hotels with its 24 diverse, multi-branded hotel properties consisting of the very first Filipino five-star hotel, upscale deluxe hotels, mid-market boutique city and resort hotels, essential service value hotels, and luxury resorts. RLC has 7 industrial facilities capitalizing on abundant opportunities in the logistics sector and over 100 residential properties, including 3 iconic joint venture residential projects with some of the biggest real estate names in Asia. Furthermore, it has 20 mixed-use developments, including 3 landmark Destination Estates that espouse the Live-Work-Play-Inspire lifestyle.
For more information on RLC, visit https://www.robinsonsland.com/
Terms of the Offer
| Issuer | Robinsons Land Corporation | |||||||||||||
| Issue | Fixed Rate bonds (the “Bonds”) constituting the direct, unconditional, unsecured and unsubordinated Peso-denominated obligations of RLC | |||||||||||||
| Issue Amount | Up to ₱10,000,000,000.00 with an oversubscription option of up to ₱5,000,000,000.00 | |||||||||||||
| Maturity Date | Series G Bonds: June 30, 2026 or the 3rd anniversary of the Issue Date, if the Issue Date is set at a date other than June 30, 2023
Series H Bonds: June 30, 2028 or the 5th anniversary of the Issue Date, if the Issue Date is set at a date other than June 30, 2023 |
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| Final Interest Rate | 3 years: 6.0972%
5 years: 6.1663% |
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| Interest | Interest on the Bonds shall be calculated on a 30/360-day count basis and shall be paid quarterly in arrear. | |||||||||||||
| Form and Denomination | Issued in scripless form in minimum denominations of ₱50,000.00 each, and in multiples of ₱10,000.00 thereafter, and traded in denominations of ₱10,000.00 in the secondary market. | |||||||||||||
| Call Option | In whole and not in part based on the schedule below:
Series H Bonds:
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| Offer Period | June 16 – 22, 2023 | |||||||||||||
| Issue Date | June 30, 2023 | |||||||||||||
| Rating | PRS Aaa with a Stable Outlook by PhilRatings | |||||||||||||
| Listing | Philippine Dealing and Exchange Corporation (“PDEx”) | |||||||||||||
| First Metro’s Role | Joint Issue Manager, Joint Lead Underwriter and Joint Bookrunner | |||||||||||||
Final Prospectus
Investors are strongly advised to carefully read the contents of the Final Prospectus, together with the financial statements attached thereto.
Contact Details
Any questions related to the Bond Offering may be directed to the following representatives.
Mark Joseph Cruz
Email Address: mark.cruz@firstmetro.com.ph
Krisha Cerin
Email Address: krisha.cerin@firstmetro.com.ph