MANILA, Philippines -- Robinsons Land Corp. said it was considering raising funds via the issuance of fixed-rate notes, but the size and timing of the offer have yet to be finalized.
"Details and timing are still being discussed with our advisers and shall be subject to the approval of the board of directors of the company," Robinsons Land, the property arm of conglomerate JG Summit Holdings Inc., told the stock exchange.
The bourse sought clarification of a recent newspaper report quoting Robinsons Land president Lance Gokongwei as saying the seven-year notes would likely be issued within the next two months.
The proceeds would fund part of Robinsons Land's programmed capital expenditures of P15 billion until 2008, he was quoted as saying.
