Century Properties Group of the Antonio family is returning to the local debt market with the issuance of up to P3 billion worth of fixed-rate retail bonds.
In a regulatory filing, CPG said its board approved the issuance of the second tranche of its P6 billion bond shelf registration that was approved by the Securities and Exchange Commission in January last year.
The base offer is P2 billion but there is an option to raise the issue size by P1 billion.
The bonds to be issued comprise Series A 3-year bonds due 2026, Series B 5-year bonds due 2028 and Series C 7-year bonds due 2030.
CPG earlier launched a new brand that caters to the premium-to-luxury real estate market. Its first project is the low-density, low-rise exclusive collection of premium townhouses called the Century Nuliv Townvillas at Acqua Private Residences located in Makati and Mandaluyong.