18/03/2026
🔸DEVELOPER UPDATE🔸
Rockwell Land Corp. successfully raised P10 billion through its latest fixed rate bond issuance, marking its return to the Philippine debt capital markets for the first time since 2013.
The fixed-rate bonds were listed today on the Philippine Dealing and Exchange Corp.
The issuance comprises three-year bonds priced at an interest rate of 5.5666 percent a year and five-year bonds priced at 5.8595 percent a year.
Strong investor demand drove the orderbook to be oversubscribed by approximately five times the base offer of P7 billion.
“We were pleasantly surprised by the reception. Certainly, it is strong relationships that allow us not only to endure, but to survive situations we aren’t prepared for. Today’s milestone is another proof of that,” Rockwell chair Nestor Padilla said.
Proceeds from the issuance will support Rockwell Land’s capital expenditure requirements for land development and the construction costs of its various existing projects such as its horizontal residential developments, Power Plant Mall Angeles, Rockwell at IPI Center in Cebu, Aruga Mactan Hotel and Rockwell Center Bacolod.