PROPERTY developer Sta. Lucia Land, Inc. (SLI) is planning to issue up to P5 billion worth of corporate notes to finance existing obligations and future projects.

SLI told the stock exchange on Tuesday that its board of directors, in a special meeting on January 8, authorized the company to negotiate and avail of a seven-year corporate note facility with financial institutions for an aggregate amount of P3 billion with an overallotment option of P2 billion.

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