This pledge is backed by the company’s recent P5-billion sustainability-linked bond (SLB) issuance—its boldest move yet to scale up housing development in Visayas and Mindanao.
Management’s view
“With this sustainability-linked bond, we are strengthening that commitment by holding ourselves accountable to a measurable target—building 16,000 more affordable homes by 2028,” CLI chair and CEO Jose Soberano III said in a statement.
“In just five years, we will more than double what we have achieved over the past two decades,” he added.
Bond boost
The offering, the second tranche of CLI’s P15-billion shelf registration, featured Series D and E bonds listed on the Philippine Dealing & Exchange Corp. Series D raised P2.86 billion paying 6.6348 percent, while Series E brought in P2.14 billion at 6.9157 percent.
These bonds come with ESG-linked targets: failure to meet housing goals means higher interest payments.
“The overwhelming investor interest in this offering, which was oversubscribed three times at the narrow end, is a testament to the trust financial institutions place in CLI,” Soberano said.
“This confidence reinforces our role as a key player in bridging the housing gap while delivering sustained value to stakeholders,” he added.
