Century Properties Group Inc. said it has received a pre-effective letter from the Securities and Exchange Commission (SEC) favorably considering the company’s shelf registration of debt securities worth up to P12 billion, a key step toward tapping the domestic bond market.
The pre-effective letter, received on January 16, 2026, covers a multi-tranche bond program, with the first tranche consisting of a base offer of up to P3 billion in fixed-rate bonds and an oversubscription option of up to P2 billion. The bonds will be offered at 100 percent of face value and are intended to be listed and traded on the Philippine Dealing & Exchange Corp.
Final approval remains subject to the SEC’s issuance of an Order of Registration and Permit to Sell Securities, following the company’s submission of its final prospectus, transaction agreements, and compliance with additional regulatory conditions.
The move is part of Century Properties’ broader capital-raising strategy to support project development, refinance existing obligations, and strengthen balance sheet flexibility amid a shifting interest-rate environment. The shelf registration allows the company to raise funds in stages, providing timing flexibility and quicker market access as funding needs arise.
Investor appetite for property-linked bonds has been gradually recovering, supported by easing inflation and expectations of more stable borrowing costs. For Century Properties, the bond program could offer a cost-effective funding avenue while diversifying its capital sources beyond traditional bank loans.
The company said it will submit all required disclosures and material documentation related to the transaction in accordance with exchange rules. Further details on pricing, tenor, and use of proceeds are expected once the SEC grants final approval and the offer moves toward launch.
