Sta. Lucia Land, Inc. Approves to Issue Up to Seven Billion Pesos Worth of Corporate Notes
March 12, 2021 at 12:35 am EST
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At the Special Meeting of the Board of Directors of Sta. Lucia Land, Inc. held on 12 March 2021, approved to issue up to Seven Billion Pesos (PHP 7,000,000,000.00) worth of corporate notes to not more than nineteen (19) primary institutional lenders/qualified buyers, under such terms and conditions as the Corporation's management may deem to be fair and reasonable and in the best interest of the Corporation.
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.
STA. LUCIA LAND, INC. 
