Insider Spotlight
In a statement on Tuesday, the company said it received the order of registration and a permit to offer securities for sale dated Mar. 3, 2026 from the Securities and Exchange Commission.
Why it matters
The issuance marks Rockwell Land’s first peso bond offering in over a decade, signaling a renewed push to lock in long-term funding as it accelerates project development across key growth areas.
Use of proceeds
Net proceeds from the offer will be used to partially fund capital expenditures, particularly land development and construction costs for Rockwell’s existing projects.
These projects include its horizontal residential developments as well as Power Plant Mall Angeles, Rockwell at IPI Center, Aruga Hotel in Mactan, and Rockwell Center Bacolod.
The planned fundraising is expected to reinforce the company’s capital structure while supporting expansion beyond Metro Manila and deepening its footprint in the upscale segment.
Offer details
The proposed public offering covers up to P7 billion in fixed-rate bonds, with an oversubscription option of up to P3 billion.
The bonds will be issued in up to two series:
The public offer period will run from 9:00 a.m. on March 4, 2026 until 12:00 p.m. on March 10, 2026. Rockwell intends to issue and list the bonds on the Philippine Dealing and Exchange Corp. on March 18, 2026.
The bonds will be issued at 100 percent of face value, with interest calculated on a 30/360 day count basis and paid quarterly in arrears.
Credit strength
Philippine Ratings Services Corp. assigned the bonds a PRS Aaa rating with a stable outlook.
“This is the highest possible rating, denoting obligations of the highest quality with minimal credit risk,” the debt watcher said.
The bottom line
Rockwell Land’s return to the bond market underscores its confidence in market appetite and its commitment to funding a pipeline of premium residential and mixed-use developments with long-term capital. —Daxim L. Lucas | Ed: Corrie S. Narisma
