E Sta. Lucia Land, Inc. Intends to Exercise the Early Redemption Option for the Series A Unsecured Fixed-Rate Peso Bonds
May 24, 2017 at 08:17 pm EDT
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Following the Sta. Lucia Land, Inc. availment of the ten year corporate note facility, its Executive Vice President, Chief Financial Officer and General Manager, Mr. David M. Dela Cruz, submitted to the Philippine Depository & Trust Corp. and China Banking Corporation - Trust Group a notice of intention to exercise the Early Redemption Option for the Series A Sta. Lucia Land, Inc. Unsecured Fixed-Rate Peso Bonds in the amount of PHP 2,000,000,000.00 on 22 June 2017 at the Early Redemption Price of 101% of the principal amount, plus all accrued interest on the bonds at the Early Redemption Option Date.
Sta. Lucia Land, Inc. is a Philippines-based developer of residential communities, with a portfolio consisting of developments that include residential, commercial, and retail assets. Its segments include Leasing and Residential Development. The Leasing segment consists of the investment properties, which includes properties held to earn rentals and are not occupied by the Company. The Residential Development segment is engaged in the development and selling of subdivision lots and condominium projects across the Philippines. Its residential projects include horizontal developments, which consist of residential lots for sale in gated subdivisions complete with facilities and amenities; and vertical developments, which comprises townhouse projects, condominium projects and condotel projects. Its commercial properties include malls, business centers, and commercial lots. Its townhouse projects consist of residential housing units, including independent and identical houses.
STA. LUCIA LAND, INC. 
