Rockwell Land receives highest credit rating for P10 billion bond offer

Rockwell Land's proposed P10 billion bond issuance has received the highest credit rating of PRS Aaa with a stable outlook from Philippine Ratings Services Corporation.

The company plans to offer up to P7 billion in fixed-rate bonds, with an option to increase the offer by up to P3 billion.

These bonds will be issued in up to two series, with maturities of three and five years.

The PRS Aaa rating signifies minimal credit risk and a strong capacity for Rockwell Land to meet its financial obligations.

This bond issuance marks Rockwell Land's return to the Philippine debt capital market after a 13-year hiatus.

Proceeds from the bond sale will finance capital expenditures for land development and the construction of several projects, including Power Plant Mall Angeles, Rockwell IPI, Aruga Mactan Hotel, and Rockwell Center Bacolod.

Rockwell Land recently acquired a majority stake in Alabang Town Center and operates the Power Plant Mall in Makati City.