Robinsons Land Corporation’s Fixed Rate Bonds Due 2025 and 2027
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 work.able 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 P10,000,000,000.00 with an oversubscription option of up to P5,000,000,000.00|
|Maturity Date||Series E Bonds: 3 years from the Issue Date or August 26, 2025
Series F Bonds: 5 years from the Issue Date or August 26, 2027
|Final Interest Rate||3 years: 5.3789%
5 years: 5.9362%
|Interest||Interest on the Bonds shall be calculated on a 30/360-day count basis and shall be paid quarterly in arrears.|
|Form and Denomination||Issued in scripless form in minimum denominations of P50,000.00 each, and in multiples of P10,000.00 thereafter, and traded in denominations of P10,000.00 in the secondary market.|
|Call Option||In whole and not in part based on the schedule below:
Series F Bonds:
|Offer Period||August 15 – 19, 2022|
|Issue Date||August 26, 2022|
|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|
Investors are strongly advised to carefully read the contents of the Final Prospectus, together with the financial statements attached thereto.
Any questions related to the Bond Offering may be directed to the following representatives.