IN consultation with China Banking Corp., its issue manager and lead underwriter, Sta. Lucia Land Inc. (SLI) has set the rates for its maiden peso-denominated retail bonds that could raise up to P5 billion for loan refinancing and land banking.

In a disclosure to the Philippine Stock Exchange on Thursday, the publicly listed commercial-residential property developer said it has set the annual interest rate for its 3-year Series A bonds at 6.7284 percent, and for its 5.25-year bonds, at 6.715 percent.

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