VISTA Land and Lifescapes Inc., the country’s biggest mass housing developing firm owned by former Senator Manny Villar, has set the stage this year for the Philippine real estate sector in raising corporate funds from the international debt market.

In a statement and a disclosure to the Philippine Stock Exchange on Thursday, Villar’s listed firm said its wholly owned subsidiary, VLL International Inc., has successfully raised $125 million from the issuance of senior guaranteed notes due in June 2022.

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