{"id":329353,"date":"2024-09-09T06:38:36","date_gmt":"2024-09-08T22:38:36","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329353"},"modified":"2024-09-09T06:38:38","modified_gmt":"2024-09-08T22:38:38","slug":"trade-the-news-vll-plans-p5-b-preferred-shares-sale-to-cut-debt-costs","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-vll-plans-p5-b-preferred-shares-sale-to-cut-debt-costs\/","title":{"rendered":"Trade the News: VLL plans P5-B preferred shares sale to cut debt costs"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Vista Land & Lifescapes Inc.<\/td><\/tr>
Stock Code<\/strong><\/td>VLL<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 2.04<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Vista Land & Lifescapes Inc. (VLL) is planning to raise P3-5 billion through the sale of Series 2 preferred shares, which will go on sale in two weeks. Vista Land, one of the country\u2019s biggest residential developers, is raising funds mainly to refinance bank debts.<\/p>\n\n\n\n

Focus on dividends<\/strong><\/p>\n\n\n\n

It aims to sell 30 million perpetual, cumulative, non-participating, non-voting, redeemable, and non-convertible shares plus an over-allotment option for 20 million shares at P100 each.<\/p>\n\n\n\n

Preferred shares pay fixed dividends and have priority over common shares in asset distribution but typically lack voting rights.<\/p>\n\n\n\n

October listing<\/strong><\/p>\n\n\n\n

Based on the latest deal circular, Vista Land will announce the dividend rate on Sept. 6 this year while the formal offer period will run from Sept. 16-25. The target listing date on the Philippine Stock Exchange is on Oct. 4, 2024.<\/p>\n\n\n\n

Bank debts<\/strong><\/p>\n\n\n\n

Proceeds will be used to refinance loans owed to BDO Unibank, Security Bank, and China Banking Corp., apart from various holders of corporate notes.<\/p>\n\n\n\n

For the preferred shares offer, Vista Land hired BDO Capital & Investments, China Bank Capital, and SB Capital as joint issue managers, joint lead underwriters, and joint bookrunners.<\/p>\n\n\n\n

Earlier this month, Vista Land raised P20 billion from the sale of corporate bonds, whose proceeds will be used to pay debts coming due in November.<\/p>\n\n\n\n

(News Source: Insider PH<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-329353","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=329353"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329353\/revisions"}],"predecessor-version":[{"id":329355,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329353\/revisions\/329355"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}