Cebu Landmasters Inc. (CLI) is set to issue up to P10 billion in sustainability-linked bonds this year, with plans to use the funds to drive its expansion into the Luzon market and support ongoing developments in Visayas and Mindanao. The move is part of CLI’s broader growth strategy, which includes launching new projects and refinancing existing obligations.
CLI executive director and COO, Jose Franco B. Soberano, said the bonds would be issued in two tranches, the first of which is expected to raise P5 billion and will be listed by early March. The bonds are part of a P15 billion shelf registration with the Securities and Exchange Commission (SEC), of which the company had already drawn P5 billion in late 2023. The remaining P5 billion will be issued in the fourth quarter of 2025.
Proceeds will be allocated towards CLI’s strategic investments, including its planned P12 billion projects in Luzon, which involve residential and retail developments in Cavite or Batangas and Metro Manila. Some of the funds will also go towards refinancing CLI’s maturing obligations and capital expenditures for its ongoing developments.
As part of its commitment to sustainability, CLI’s bond issuance is tied to specific environmental and social targets, including building 8,500 affordable homes by 2027 and 16,000 by 2029. The bond offer is being underwritten by BPI Capital, with participation from BDO Capital, PNB, RCBC Capital, and Chinabank Capital.
This bond issuance marks a significant step in CLI’s efforts to expand its market footprint while staying aligned with its long-term sustainability goals.
