Century Properties Eyes P3B for Land Banking, Working Capital

Century Properties eyes P3B for land banking, working capital

MANILA, Philippines – Century Properties Group Inc. (CPG) is planning to raise up to P3 billion from a five-year peso-denominated fixed-rate corporate note issuance as it seeks additional funds for its operations and future growth initiatives. The Antonio family-led real estate firm said on Tuesday that its board of directors approved the issuance of up to

Century Properties raising ₱3 billion to expand beyond Metro Manila

Antonio-led Century Properties Group Inc. is raising ₱3 billion through a private placement of corporate notes to bankroll its project pipeline and expand its land bank.In a disclosure to the Philippine Stock Exchange, the firm said its board approved the issuance of five-year, fixed-rate notes. The debt instruments will be exempt from registration with the Securities and Exchange Commission as they are being sold exclusively to qualified instit…