MANILA, Philippines - Gokongwei-owned Robinsons Land Corp. will start construction of 4 new malls this year, including the one within its mixed-use development in Quezon City called Magnolia Residences.

Robinsons Land president Frederick Go said the mall in Magnolia Residences could be the company's third or fourth most significant. Go however refused to disclose the project cost of the mall. He also did not say where the 3 other shopping centers would be situated.

At end-September 2009, Robinsons Land had 26 shopping malls following the opening of 5 malls in Pulilan (Bulacan), Tagaytay, Davao, Tacloban and General Santos.

Meanwhile, Robinsons Land debuted on the country's fixed income exchange on Thursday, with the listing of P10 billion worth of bonds which were issued late last year.

This was the first corporate bond listing at the Philippine Dealing and Exchange Corp.

Robinsons Land initially raised P5 billion from a bond offering in July last year. The bonds carried a yield of 8.5% per annum and a tenor of 5 years and one day.

Then in August, the property firm generated P5 billion from the issuance fixed-rate bonds maturing on August 2014.

Proceeds from the issues will be used to fund the company's capital expenditures for 2010 and 2011.

Robinsons Land is the real estate arm of JG Summit Holdings Inc., one of the country's largest conglomerates with diverse interests in branded consumer food, agro-industrial and commodity food products, textile, telecommunications, petrochemicals, air transportation and financial services.