Century Properties Group Inc. (CPGI), the listed developer backed by the Antonio family, has secured fresh long-term funding after listing its initial P3-billion retail bond offering, expanding its war chest and reinforcing its access to the local debt market.
In a disclosure on Friday, the company announced that it had listed its first tranche of P3 billion in fixed-rate retail bonds on the Philippine Dealing & Exchange Corp., with an oversubscription option of up to P2 billion.
The offering consists of 6.5080 percent per annum four-year “Series D” Fixed Rate Retail Bonds due 2030 and 7.6280 percent per annum seven-year “Series E” Fixed Rate Retail Bonds due 2033.
The issuance is part of CPGI’s P12 billion Debt Securities Program Shelf Registration, allowing the company to raise funds in stages as it pursues expansion and manages its capital needs.
The listing strengthens Century Properties’ ability to tap retail investors for stable, longer-term financing, giving it added liquidity and flexibility to fund projects and sustain growth.