April 10, 2013

Sta Lucia Land to raise P10 B


From a PSE disclosure: Sta Lucia Land Inc. plans to raise P10 B to fund its land banking nationwide. The company intends to buy properties from their land owners rather than forming joint ventures. The company is considering tapping the bond market as well as the equity market.

“The bond market is also very good. We may also tap that market, but we’re not sure whichever will come first,” the SLI official said.