Century Properties Group Inc. (CPG) has secured P3 billion in fresh long-term funding that will be used to acquire new land across key growth areas and finance the construction of pre-sold homes.

The listed property developer said Tuesday its five-year fixed-rate corporate notes have been enrolled with the Philippine Dealing & Exchange Corp. (PDEx) following a successful issuance to qualified institutional investors.

Proceeds from the peso-denominated notes will fund strategic land banking in Calabarzon, Central Luzon, Panay, and Davao, while also financing the construction of pre-sold units under CPG’s First-Home Residential Business.

“This issuance reinforces our long-term funding platform and reflects our disciplined approach to capital management,” said CPG President and Chief Executive Officer Marco Antonio.

“By raising capital ahead of need, we are enhancing financial flexibility while remaining well-positioned to pursue future opportunities. We continue to see strong long-term fundamentals in the Philippine housing market, supported by the country’s structural housing backlog and sustained end-user demand,” he said.

China Bank Capital Corp. served as the sole arranger and bookrunner for the transaction.

CPG said the issuance is part of its long-term capital management strategy to diversify funding sources, strengthen funding flexibility, and reduce execution risk while preserving its ability to pursue future growth opportunities.

The company added that the transaction aligns its long-term funding with its long-term corporate requirements while supporting prudent balance sheet management.

“Our priority is to maintain a funding profile that gives us flexibility without compromising financial discipline,” said Rodel V. Marqueses, CPG chief financial officer and head of investor relations.

“This issuance strengthens our capital base, broadens our sources of long-term funding, and positions us to execute our growth plans while remaining disciplined in managing our leverage and other key financial metrics,” he said.