After more than a decade, Rockwell Land is poised to re-enter the domestic bond market with a substantial offering potentially reaching 10 billion. This move signals a renewed strategy for funding ambitious growth plans and solidifies the company’s position within the Philippine property landscape.
The bond issuance will be structured in two tranches: three-year bonds maturing in 2029 and five-year bonds maturing in 2031. An initial 7 billion will be offered, with the possibility of increasing that amount by up to 3 billion depending on investor demand. The offering period is set for early March, with listing planned on the Philippine Dealing & Exchange Corp.
Investors can expect the bonds to be issued at face value, with quarterly interest payments calculated using a standard 30/360 day count basis. This represents the first phase of a larger 20-billion shelf registration program, marking a significant step in Rockwell Land’s financial strategy.
Confidence in Rockwell Land’s financial stability is underscored by a top-tier rating of PRS Aaa from Philippine Rating Services Corp., accompanied by a “stable” outlook. This assessment highlights the company’s exceptional ability to meet its financial commitments, reassuring potential investors.
The funds raised from this bond offering will be strategically allocated to fuel capital expenditures, specifically land development and construction. Several key projects are slated to benefit, including the Power Plant Mall Angeles, Rockwell at IPI Center, and the Aruga Mactan Hotel.
Expansion isn’t limited to a single location; Rockwell Center Bacolod is also earmarked for investment, demonstrating a nationwide commitment to growth. These projects represent a diverse portfolio designed to cater to evolving market demands.
A team of leading financial institutions – BDO Capital & Investment Corp., First Metro Investment Corp., PNB Capital and Investment Corp., and RCBC Capital Corp. – will jointly manage the issuance, underwriting, and bookrunning processes, ensuring a smooth and efficient offering.
Rockwell Land has been aggressively expanding its presence across the Philippines, launching premium residential projects in key provincial areas since late 2024. This expansion reflects a deliberate strategy to capitalize on emerging market opportunities.
Recent strategic acquisitions, including a majority stake in Alabang Commercial Corp., the operator of Alabang Town Center, further demonstrate Rockwell Land’s commitment to diversifying its portfolio and strengthening its market position.
The company’s financial performance has been robust, with consolidated revenue increasing by 7% to 15 billion for the first nine months of 2025. This growth is largely attributed to strong demand for its high-end residential developments, signaling continued success.
Investor confidence was evident in the stock market, with Rockwell Land shares experiencing a slight increase following the announcement of the bond offering. This positive market reaction underscores the company’s strong fundamentals and promising future outlook.
