Robinsons Land plans to issue fixed-rate notes
An article published in the
Philippine Daily Inquirer, February 19, 2007
Manila, Philippines -- Robinsons Land Corp.
said it was considering raising funds via the issuance of fixed-rate notes,
but the size and timing of the offer have yet to be finalized.
"Details and timing are still being discussed with our advisers and shall be
subject to the approval of the board of directors of the company," Robinsons
Land, the property arm of conglomerate JG Summit Holdings Inc., told the
stock exchange.
The bourse sought clarification of a recent newspaper report quoting
Robinsons Land president Lance Gokongwei as saying the seven-year notes
would likely be issued within the next two months.
The proceeds would fund part of Robinsons Land's programmed capital
expenditures of P15 billion until 2008, he was quoted as saying.