Robinsons Land received the highest issue credit rating of PRS Aaa, with a Stable Outlook from the Philippine Rating Services Corp. (PhilRatings), indicating the Company’s stability and strong capacity to meet its financial commitments.
The sale of bonds forms part of Robinsons Land's strategy to diversify funding sources. Proceeds will be used to partially fund its capital expenditure requirements for project development and land acquisition, to refinance maturing debt obligations, and support overall business operations.
"We are delighted with the overwhelming market reception and record oversubscription of our bond offering, which signify strong investor confidence in RLC’s brand of excellence and demonstrated resilience. Proceeds from the first tranche will support business expansion and investment aimed at generating sustainable value for shareholders,” says Frederick D. Go, President and CEO of Robinsons Land.
Read more: bit.ly/RLC_12xOversubscribedBond
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