Century Properties taps debt market for P3B growth war chest

MANILA, Philippines – Century Properties Group Inc. (CPG) has tapped the domestic debt market for fresh funding, enrolling P3 billion worth of five-year fixed-rate corporate notes with the Philippine Dealing & Exchange Corp. to support growth and strengthen its funding base. On Tuesday, the Antonio family-led real estate firm said it issued the peso-denominated notes to qualified institutional investors. The notes are exempt from registration with the Securities and Exchange Commission under rules governing qualified buyers. READ: Century Properties plans to raise P12B Proceeds will fund land banking in key growth areas, including Calabarzon, Central Luzon, Panay and Davao, and the […]... Keep on reading: Century Properties taps debt market for P3B growth war chest