Rockwell Land Corporation, the real estate company behind luxury projects like Rockwell Center in Makati, has received official permission from the Securities and Exchange Commission (SEC) to sell bonds worth up to ₱10 billion to investors.
What Are Bonds and Why Is Rockwell Selling Them?
Think of bonds like IOUs or promissory notes. When a company sells bonds, it’s borrowing money from investors and promising to pay them back later with extra money called “interest.” It’s similar to when you borrow money from a friend and promise to pay them back with a little extra as a thank you.
Rockwell Land received the Order of Registration and Certificate of Permit to Offer Securities on March 3, 2026, according to the company’s SEC filing. This approval allows Rockwell to offer ₱7 billion worth of bonds with an over-subscription option of up to ₱3 billion, for a maximum total of ₱10 billion.
Two Types of Bonds With Different Time Periods
Rockwell is offering two types of bonds, which investors can choose from:
- Series A (3-year bonds): These bonds will be due in 2029 and pay an interest rate of 5.5666% per year
- Series B (5-year bonds): These bonds will be due in 2031 and pay an interest rate of 5.8595% per year
The longer you let Rockwell keep your money (5 years instead of 3 years), the more interest they’ll pay you each year.
When Can People Buy These Bonds?
The public offer period will start at 9:00 A.M. on March 4, 2026 and end at 12:00 P.M. on March 10, 2026. Rockwell intends to officially issue and list the bonds on the Philippine Dealing and Exchange Corp. on March 18, 2026.
Highest Credit Rating Shows Financial Strength
Philippine Ratings Services Corporation has assigned the bonds a PRS Aaa rating with a Stable Outlook, which according to the press release is “the highest possible rating, denoting obligations of the highest quality with minimal credit risk.”
This rating is like getting straight A’s on a report card—it tells investors that Rockwell is very likely to pay back the money it borrows.
What Will Rockwell Use the Money For?
Net proceeds from the offer will be used to partially fund capital expenditures for land development and construction costs of various existing projects. These projects include:
- Horizontal residential developments (these are housing communities with houses or low-rise buildings, not tall towers)
- Power Plant Mall Angeles
- Rockwell at IPI Center
- Aruga Hotel in Mactan
- Rockwell Center Bacolod
Part of a Bigger Fundraising Plan
This bond issuance will be the first tranche out of Rockwell’s ₱20 billion bonds registered in 2026 under the shelf-registered program of the Securities and Exchange Commission. This means Rockwell has permission to sell up to ₱20 billion in bonds total, and this ₱10 billion is just the first batch.
Who Is Managing the Bond Sale?
BDO Capital & Investment Corporation and First Metro Investment Corporation are the Joint Issue Managers, and together with PNB Capital and Investment Corporation and RCBC Capital Corporation are the Joint Lead Underwriters and Bookrunners. Metropolitan Bank & Trust Company – Trust Banking Group will serve as the Trustee.
These financial institutions help organize the bond sale and make sure everything follows the rules and regulations.
About Rockwell Land
Rockwell Land Corporation (stock symbol: ROCK) is known for developing luxury and upscale real estate projects in the Philippines. The company became famous for Rockwell Center in Makati, one of Metro Manila’s most prestigious mixed-use developments that combines residential towers, shopping areas, and offices in one location.
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.
