Century Properties Group Inc. (CPG) has tapped the domestic debt market to bolster its expansion plans, raising P3 billion through five-year fixed-rate corporate notes as it positions itself for long-term growth amid resilient demand for housing.
The listed property developer enrolled the peso-denominated notes with the Philippine Dealing & Exchange Corp. (PDEx), giving it fresh long-term capital to fund strategic land acquisitions in Calabarzon, Central Luzon, Panay and Davao, as well as the construction of pre-sold units under its First-Home Residential Business. The notes were issued to qualified institutional investors and are exempt from Securities and Exchange Commission registration.
The fundraising signals CPG’s confidence in the country’s housing market despite lingering economic uncertainties. By locking in longer-term funding, the company is strengthening its balance sheet while giving itself greater flexibility to pursue expansion opportunities and manage financing risks.
CPG President and Chief Executive Officer Marco Antonio said the issuance reinforces the company’s long-term funding platform and disciplined capital management strategy, allowing it to capitalize on favorable market conditions. He said the Philippines’ persistent housing backlog and steady end-user demand continue to underpin the sector’s growth prospects.
Chief Financial Officer and Head of Investor Relations Rodel V. Marqueses said the transaction broadens CPG’s funding base while better matching long-term financing with long-lived investments, supporting a more resilient capital structure.
The deal, arranged and bookrun solely by China Bank Capital Corp., also reflects the growing importance of the domestic capital market as Philippine property developers increasingly diversify funding sources beyond traditional bank loans to finance expansion.
