Sta. Lucia Land, Inc. Announces Full Payment on Early Redemption of PHP 2,000,000,000.00 Series A Unsecured Fixed Rate Peso Bonds
June 26, 2017 at 08:13 pm EDT
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Sta. Lucia Land, Inc. further to the company's disclosure to the Exchange dated 24 May 2017 regarding the intention of the company to exercise its Early Redemption Option on 22 June 2017, that the company exercised on 22 June 2017 its Early Redemption Option for the Series A Unsecured Fixed-Rate Peso Bonds in the amount of PHP 2,000,000,000.00. The Record Date for the Option is 20 June 2017. The Early Redemption Price of 101% of the principal amount, plus all accrued interest on the Bonds was credited to the Philippine Depository & Trust Corp. (PDTC), the appointed registrar and paying agent of the Bonds, on 22 June 2017 for further crediting to the accounts of the bondholders. There shall be no secondary trading of the Bonds, or modifications in the accounts in the Registry starting on the Record Date. The listing of the Bonds on PDEx shall be terminated on the Early Redemption Date, 23 June 2017 and applicable taxes have been correctly deducted or withheld by, or on behalf of, the company and that should any
deficiency taxes be assessed, the same shall be borne by the company.
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.