Rockwell Land Corporation (stock symbol: ROCK) has successfully raised P10 billion by selling bonds to investors, according to a press release filed with the Securities and Exchange Commission on March 18, 2026. This is the company’s first time borrowing money from the public debt markets since 2013.
What Are Bonds and Why Did Rockwell Land Issue Them?
Think of bonds like IOUs or promissory notes. When a company needs money for big projects, instead of going only to banks, they can borrow from many investors by selling bonds. In return, the company promises to pay back the money with interest after a certain period.
Rockwell Land created two types of bonds:
- 3-year bonds with an interest rate of 5.5666% per year
- 5-year bonds with an interest rate of 5.8595% per year
The bonds were officially listed on the Philippine Dealing and Exchange Corporation on March 18, 2026.
Very Strong Demand from Investors
The bond offering was extremely popular. Rockwell Land originally planned to raise only P7 billion, but investors wanted to buy about five times more than that amount. This strong demand shows that investors have confidence in Rockwell Land’s future.
The investors who bought the bonds included both regular people (retail investors) and large institutions like banks and investment funds.
Rockwell Land Chairman Nestor Padilla expressed gratitude, saying: “Our sincere appreciation to all our underwriters and partners who worked closely with us to bring this Php 10 billion bond issuance together. We were pleasantly surprised by the reception.”
What Will Rockwell Land Do With the Money?
The P10 billion raised from this bond issuance will be used to fund several ongoing projects, including:
- Land development and construction costs
- Horizontal residential developments (homes built on land, like house-and-lot properties)
- Power Plant Mall Angeles
- Rockwell at IPI Center in Cebu
- Aruga Mactan Hotel
- Rockwell Center Bacolod
Highest Possible Credit Rating
The Philippine Ratings Services Corporation gave these bonds a “PRS Aaa” rating with a Stable Outlook. This is the highest rating possible, which means the bonds are considered very safe with minimal risk that Rockwell Land won’t pay back the money. It’s like getting a perfect score on a trust test.
About Rockwell Land Corporation
Rockwell Land is a real estate developer known for building high-quality residential and commercial properties in Metro Manila and other parts of the Philippines. The company is famous for its flagship project, Rockwell Center in Makati, which includes upscale residential towers, shopping malls, and office spaces.
As of February 28, 2026, Rockwell Land has 6,116,762,198 common shares outstanding.
The bond issuance was managed by BDO Capital & Investment Corporation and First Metro Investment Corporation as Joint Issue Managers, along with PNB Capital and Investment Corporation and RCBC Capital Corporation as Joint Lead Underwriters and Bookrunners.
Source Note:This article is based on the company’s official press release and disclosures filed with the Philippine Stock Exchange’s Electronic Disclosure Generation Technology (PSE EDGE) system. For the complete and official version of the announcement, readers may visit the PSE EDGE website and search for the company’s filing directly.
