THE Philippine Rating Services Corp. (PhilRatings) has assigned an issue credit rating of PRS Aa plus with a stable outlook for Cebu Landmasters Inc.'s (CLI) proposed bond issuance of P5.0 billion, with an oversubscription option of up to P3.0 billion.
This is the initial tranche of the company's new three-year shelf registration program which amounts to P15 billion.
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