MASS housing developer 8990 Holdings Inc. has set the record straight on its planned P9 billion bond offering, saying the bonds will be issued in May as scheduled.

“The rumors of our bond offering being postponed or cancelled due to weak demand are not true. Actually, we’re working very hard to meet the May launch schedule and to file all the necessary documents at the SEC [Securities and Exchange Commission],” 8990 president Jesus Januario Atencio said.

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