NEXTASIA Land, Inc. has tapped the debt capital market for the first time, raising P300 million through an unsecured corporate note facility to fund residential projects and strategic land acquisitions in Southern Luzon.
The fundraising marks a milestone for the fast-growing developer of affordable housing communities in CALABARZON and signals investor confidence in the company’s expansion strategy at a time when demand for reasonably priced homes remains strong.
The proceeds will support ongoing developments and future land banking activities across key growth corridors in the region, where population growth, infrastructure investments, and urbanization continue to drive housing demand.
“This transaction is an important step in strengthening our capital structure while maintaining flexibility for future expansion,” said NEXTASIA Chairman and Chief Executive Officer Crispin Y. Carreon. “We approached this issuance with discipline—not to maximize size, but to establish a strategic presence in the debt capital market.”
The issuance provides NEXTASIA with a new funding channel beyond traditional bank financing, positioning the company to access capital more efficiently as it scales its operations.
For property developers, diversified funding sources have become increasingly important amid evolving market conditions and growing competition for prime development sites.
The successful placement also reflects investors’ favorable assessment of the company’s operating track record, financial management, and execution capabilities in the affordable housing segment—an area widely viewed as one of the most resilient pockets of the Philippine property market due to the country’s large housing backlog.
NEXTASIA said it remains focused on delivering value-for-money housing and developing accessible, future-ready communities that cater to the needs of first-time homebuyers and growing families.
“We are pleased to support NEXTASIA in this milestone transaction,” said Lester Ong, president of BPI Capital Corp. He cited the developer’s clear growth strategy, disciplined execution, and attractive market prospects as key factors behind investor interest.
BPI Capital acted as sole arranger and bookrunner for the transaction, while BPI Asset Management and Trust Corp. will serve as facility agent and paying agent for the corporate notes.
