Robinsons Land Corporation, the property development arm of the Gokongwei Group, is planning to raise up to P15 billion from the second tranche and final drawdown from its P30 billion shelf registration. In a disclosure to the Philippine Stock Exchange, the firm said it is planning to issue bonds amounting to P10 billion with an oversubscription option of up to P5 billion. Philippine Rating Services Corporation (PhilRatings) has assigned its highest Issue Credit Rating of PRS Aaa, with a Stable Outlook for RLC’s proposed bond issuance. It has also maintained its Issue Credit Rating of PRS Aaa, with a Stable Outlook, for the company’s outstanding bond issue of P29.6 billion. Obligations rated PRS Aaa are of the highest quality with minimal credit risk. The obligor’s capacity to meet its financial commitment on the obligation is extremely strong. A Stable Outlook means the rating is likely to remain unchanged in the next 12 months. The assigned issue ratings consider RLC’s solid competitive position and track-record, complemented by a well-diversified portfolio of real estate properties; healthy liquidity; sound capitalization and highly experienced management. RLC’s property portfolio grew further in 2022 with the completion of a mall expansion, one new mall, three office developments, four hotels, one logistics facility, and Phase 2 of Chengdu Ban Bian Jie Project. Robinsons Malls remains as one of the largest shopping mall chains in the Philippines. It was the second largest mall operator in the Philippines, with 53 lifestyle centers and a gross leasable area (GLA) of 1.6 million sqm, as of end-2022. The Residential division operates under two brands:  RLC Residences and Robinsons Homes. The company continues to launch new residential projects under both brands, in order to further support its growth. Robinsons Offices are strategically located, within and outside Metro Manila. Most of the company’s office buildings are located in the Ortigas Central Business District, where RLC is reported to be the dominant office landlord. Robinsons Hotels and Resorts operates a chain of hotels under four brands. The latest addition to the company’s luxury hotel portfolio is the five-star Fili Urban Resort Hotel in Cebu. Robinsons Logistics and Industrial Facilities has also been aggressive in pursuing developments, given the abundant opportunities in the logistics sector. RLX completed RLX Calamba 2A (32,919 sqm GLA) and commenced operations in the first quarter of 2023, increasing by 20% the logistics segment’s total GLA from 166,531 sqm as of end-2022 to 199,450 sqm as of the first quarter of 2023. The Integrated Developments Division continues work on the developments in its premier destination estates:  Bridgetowne, Sierra Valley, and Montclair. Through this division, the company also forges strategic partnerships for its mixed-use developments.