The initial tranche under the shelf registration is set at P10 billion. First Metro Investment Corp. and BDO Capital were named joint issue managers, while they will also serve as joint lead underwriters with PNB Capital and RCBC Capital.
Proceeds from the offering will bankroll Rockwell’s pipeline of property projects.
The builder, known for developing the upscale Rockwell Center in Makati City, last issued bonds in 2013, which matured in 2021.
In the first half of 2025, the Lopez-led developer reported an 8 percent increase in revenues to P9.63 billion, supported by steady demand for high-end residential projects.
Residential sales contributed P7.5 billion, or 78 percent of total revenues, with construction progress lifting residential ebitda by 13 percent to P2.56 billion.
—Edited by Miguel R. Camus
