Ghost Month: August 11 - September 6

Sta. Lucia Land Inc.
SLI chart if interested: Big Grin

#SafeBuy at P.98 to P1.01
Trading stocks is never a sure thing. Please do your own homework before pressing the button.

(02-23-2017, 08:44 AM)jmf Wrote: SLI chart if interested: Big Grin

Thanks for the chart!
Trading stocks is never a sure thing. Please do your own homework before pressing the button.

#SlowButSure pays off again for $SLI
Trading stocks is never a sure thing. Please do your own homework before pressing the button.

(02-25-2017, 09:43 AM)goldcambist Wrote:
(02-23-2017, 08:44 AM)jmf Wrote: SLI chart if interested: Big Grin

Thanks for the chart!

You're welcome sir. =)
Untog pa muna sa 38.2 fibo. One more try please....
Credit Rating and Investors Services Philippines, Inc. re-affirms Sta. Lucia Land's AA+ issuer rating

Vista Land, Sta. Lucia take on more debt to finance expansion

REAL ESTATE developers Vista Land & Lifescapes, Inc. and Sta. Lucia Land, Inc. (SLI) are taking on new debt to finance their respective expansion program.

The integrated property holding firm of the Villar family told the stock exchange on Tuesday it issued additional corporate notes worth P4.85 billion due 2026 at a fixed interest rate of 6.2255% per annum.

The debt notes were issued to Rizal Commercial Banking Corp. and China Banking Corp. pursuant to a corporate notes facility agreement sealed in December when Vista Land raised P5.15 billion from the sale of 10-year debt notes at a fixed rate of 6.1879% a year.

Vista Land’s subsidiaries -- Brittany Corporation, Crown Asia Properties, Inc., Camella Homes, Inc., Communities Philippines, Inc., Vista Residences, Inc., and Starmalls, Inc. -- were mandated subsidiary guarantors.

Proceeds will be used to fund Vista Land’s capital expenditures and refinance existing debt.

Vista Land is allocating P35 billion for capital expenditures this year, of which P26 billion will be earmarked for the residential segment and P9 billion for commercial development.

In a separate disclosure, Sta. Lucia Land said its board of directors authorized the company to negotiate with Multinational Investment Bancorporation for the opening of a credit line for up to P2 billion in unsecured loans.

SLI Executive Vice-President David M. Dela Cruz said in an interview the company owned by the Robles and Santos families has room to borrow more because it is underleveraged.

The company likewise was given the go-signal to enter into joint ventures for seven projects covering a total of 1.74 million square meters (sq.m.) in Aurora, Rizal, Cavite, Batangas, Iloilo, Cebu and Davao.

Sta. Lucia Land is also buying five parcels of land in Rizal, Cavite, Batangas, Iloilo and Davao with a combined area of 448,105 sq.m.

...more details ng pambayad utang at pampondo ng projects

Sta. Lucia to avail of P5-B corporate note facility

STA. LUCIA LAND, Inc. (SLI) plans to avail of a seven-year corporate note facility of up to P5 billion to pay its existing obligations as well as to finance the development of its projects.

The property developer disclosed to the stock exchange on Tuesday its board of directors has authorized SLI to negotiate and avail of the facility with financial institutions. The corporate note facility comprises a base size of P3 billion, with an overallotment option of up to P2 billion.

The listed firm will be tapping a maximum of 19 investors for the facility.

“(The corporate note facility will be used) for the pre-payment of existing obligations of the corporation, the financing of project development costs, and general corporate purposes,” SLI said.

The company will have to secure regulatory approvals to proceed with the corporate note facility.

In the same board meeting, SLI was authorized to enter into a total of eight joint venture projects. The largest project is located in Bulacan, which covers a total of 715,410 square meters (sq.m.). This is followed by a Batangas project spanning 383,069 sq.m., and a project in Palawan with total size of 178,762 sq.m.

SLI will also partner with firms for projects in Baguio City, Quezon City, Cavite, Rizal, and Negros Occidental.

The company known for operating the Sta. Lucia Mall in Cainta is likewise ramping up its land bank, as it is slated to buy more than 1.01 million sq.m. of land. The biggest lot is located in Batangas, covering 524,015 sq.m., followed by a 239,000-sq.m property in General Santos City. Other areas where the company is purchasing land are Dagupan City, Cavite, Laguna, Rizal, Iloilo, and Davao.

Last September 2017, SLI disclosed plans to raise P15 billion in the local capital markets to fund its expansion in the next three to five years. This would accelerate the company’s development of more residential, retail, commercial, and tourism-related properties.

Incorporated in 1996, SLI develops horizontal and residential properties across the country, relying on overseas Filipino workers, families, foreign investors, retirees, young urban professionals, and newly married couples as its clients.

The company grew its attributable profit by 31% in the first three quarters of 2017 to P700.5 million, against the P534.1 million it realized in the same period a year ago. This comes on the back of a 17% year-on-year increase in revenues to P2.79 billion.

A company to watch for after its release of 2017 earnings is Sta Lucia

Sta. Lucia raises P5B from corporate notes 

PROPERTY developer Sta. Lucia Land, Inc. was able to raise P5 billion from various banks through the issuance of corporate notes facility which it will use to repay debts and fund development costs, the company told the Philippine Stock Exchange on Tuesday.

China Bank Capital Corp. was tapped as the sole arranger and bookrunner while the Development Bank of the Philippines (DBP) will serve as the co-manager.

China Bank Savings Inc., China Banking Corp., the DBP, and Maybank Philippines Inc. are the notes holders.

In January, the SLI announced plans to avail of a seven-year corporate notes facility with financial institutions for an aggregate amount of P3 billion and an overallotment option of up to P2 billion.

The company said it also secured the board’s go-signal to enter into joint ventures for the development of projects in various locations, including Baguio City, Bulacan, Cavite, Rizal, Batangas, Palawan, Negros Occidental, and Quezon City. The projects for development have an aggregate size of over 1.43 million square meters (sqm).

SLI is also set to acquire parcels of land totaling 1.01 million sqm in size which are located in Dagupan City, Cavite, Laguna, Batangas, Rizal, Iloilo, Davao, and General Santos City.

Last November, the company bared plans to borrow P5 billion to P7 billion to partly fund its three-year capital expenditure program amounting to P15 billion.

Sta. Lucia is a listed real-estate developer with projects located in 200 areas across the country. Its developments include subdivisions, condominiums, and malls, among other projects.


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