Vista Land goes international with new bond

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By Virginia Furness
24 Apr 2014

Vista Land & Lifescapes priced the first corporate dollar bond from the Philippines this year after closing a tender offer. Despite continued strong domestic demand for its name, the issuer took the opportunity to distribute its new bond to a more international investor base.

The largest home builder in the Philippines has returned to the market to take advantage of tighter spreads to reduce its funding costs. Ahead of the deal it had launched a tender offer for its September 8.25% 2015s which closed on Tuesday.

With the result showing that investors wanted ...

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