Sta. Lucia Land continues to beef up its land bank with the acquisition of 126,292 square meters of land outside Metro Manila.
The properties are located in Bulacan (13,567 sqm.), Batangas (76,160 sqm), San Pablo City (9,594 sqm) and Laguna (26,971 sqm).
Apart from this, SLI is acquiring a 168,379 sqm property from Sta. Lucia Realty & Development
Inc. (SLRDI).
The company has agreed to join SLRDI in developing projects in Rizal (5,745 sqm), Pampanga (180,719 sqm), and Pangasinan (67,260 sqm).
SLI’s board likewise agreed to pursue its planned issuance of up to P8 billion worth of unsecured fixed retail bonds.
The property developer will initially float P1 billion worth of bonds with China Bank Capital Corp. as the lead underwriters for the offering.
SLI’s board also approved the availment of up to P500 million worth of loans and credit facilities from Philippine Commercial Capital Corp.
