Vista Land secures funds to settle P10B bonds

Vista Land & Lifescapes Inc. (VLL) has secured financing through shareholder advances to fully settle its P10-billion retail bonds maturing on June 18, 2025, the company announced in a stock exchange disclosure.

The bonds were originally issued on December 18, 2019. VLL confirmed that the required funding was arranged in advance to ensure a smooth and timely settlement of the obligation.

The move is part of the developer’s broader effort to reinforce financial stability and maintain investor confidence amid an evolving economic landscape.

In March 2025, VLL secured a $150-million loan facility from Sumitomo Mitsui Banking Corp. Singapore Branch and Sumitomo Mitsui Banking Corp., guaranteed by the parent firm and subsidiaries including Brittany Corp., Crown Asia Properties Inc., and Vistamalls Inc.

The company also raised $300 million in July last year through unsecured fixed-rate notes issued by its wholly-owned offshore unit, VLL International Inc., under a $2-billion medium-term note program. The notes, listed on the Singapore Exchange, are due in 2029 and carry an annual coupon rate of 9.375 percent.

Additionally, VLL bolstered its capital in October with a P3-billion preferred share issuance.

For the first quarter of 2025, Vista Land posted a net income of P3.4 billion, a 5 percent increase from the same period last year. Revenues rose to P5.85 billion, supported by continued momentum in residential project launches and a 5 percent uptick in reservation sales totaling P5.56 billion.