SEC News Service Series of 2014 January 8, 2015

Abstract:

IFC may back 8990's securitization offer
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The securitization is part of the company's effort to beef up financing while extending the maturity of it obligations.

8990 is also set to push through with its P9-billion bond issuance by May, proceeds of which will be used to retire its high-interest-bearing loans and for landbanking activities.

The company said it will build 11,000 units for the year, with Luzon growing 44%, the Visayas at 31% and Mindanao at 25%. The company will launch nine new projects that will provide 4,486 additional units ti its inventory with a total value of P4 billion.

Info
Source InstitutionSecurities and Exchange Commission
Source URLhttp://www.sec.gov.ph/aboutsec/SEC%20News/SEC_News_032315.pdf
Page Count15
Place of PublicationMandaluyong City
Original Publication DateMarch 23, 2015
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