Vista Land & Lifescapes (PSE:VLL) secured a five-year corporate bond facility totaling 13.6 billion Philippine pesos.

The company made an initial drawdown of 7.22 billion pesos at a fixed annual rate of 7.8947%, according to a Monday filing with the Philippine Stock Exchange.

Proceeds from the facility will be used to refinance existing or maturing obligations and for other general corporate purposes.

The notes facility deal was arranged with China Bank Capital as bookrunner, while China Banking acted as facility and paying agent, bonds registrar, and security trustee.