9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class
Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common
8,946,450,000
11. Indicate the item numbers reported herein
9
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Sta. Lucia Land, Inc.SLI
PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and Section 4.4 of the Revised Disclosure Rules
Subject of the Disclosure
The Standard news article entitled: Sta. Lucia borrowing up to P7b to fund capex
Source
Please refer to the attached file.
Subject of News Report
Sta. Lucia borrowing up to P7b to fund capex
Date of Publication
Nov 6, 2017
Clarification of News Report
We refer to your correspondence dated 06 November 2017 requiring Sta. Lucia Land, Inc. (the “Corporation”) to clarify and confirm a news article entitled “Sta. Lucia borrowing up to P7b to fund capex” published in the 06 November 2017 issue of the Standard. The article reported in part that:
“PROPERTY developer Sta. Lucia Land Inc. plans to issue between P5 billion and P7 billion worth of debt securities next year to partially finance a P15-billion, three-year capital expenditure program.
Sta. Lucia executive vice president and chief finance officer David dela Cruz said in a recent interview the company was considering several options in raising fresh funds, including the issuance of bonds or corporate notes with five-year to seven-year tenor.
Dela Cruz said the company's balance sheet allowed it to gain access to bank loans or issue bonds after Sta. Lucia recently pre-paid P3 billion worth of bonds.
....
Dela Cruz said Sta. Lucia has six to eight 8 condotel projects under Sotogrande brand located in Davao, Iloilo, Fairview in Quezon City and Katipunan, also in Quezon City.
....
Dela Cruz said the company aimed to maintain or surpass its 20 percent compounded annual growth rate from 2010 to 2016.”
The Corporation would like to clarify the following:
First sentence: Property developer Sta. Lucia Land Inc. plans to issue up to P5 billion to P7 billion worth of debt securities next year to partially finance an up to P15-billion, three-year capital expenditure program.
Third sentence: Dela Cruz said the company's balance sheet allowed it to gain access to bank loans or issue bonds after Sta. Lucia recently pre-paid P2 billion worth of bonds.
Eighth sentence: Dela Cruz said Sta. Lucia has currently four (4) ongoing condominium/condotel projects under the Sotogrande brand located in Davao, Iloilo, Fairview in Quezon City and Katipunan also in Quezon City.
Tenth sentence: Dela Cruz said the company aimed to achieve up to 20 percent compounded annual growth rate from 2010 to 2016.