The Securities and Exchange Commission approved the company’s four- and seven-year fixed-rate bonds as the first tranche of its P12 billion shelf registration program, with an initial offer size of P3 billion and an oversubscription option of up to P2 billion.
The public offer runs from February 6-12, with listing expected on Feb. 20 this year.
Offer terms
The company set interest rates at 6.5080 percent per year for the four-year Series D bonds due 2030 and 7.6280 percent per year for the seven-year Series E bonds due 2033, its sixth bond issuance to date.
“The strong demand for our retail bond issuance reflects investor confidence in our long-term strategy and our ability to execute consistently across market cycles,” said Marco Antonio, president and CEO of Century Properties.
Use of proceeds
Proceeds will fund capital spending for residential projects under the Century Premium and PHirst brands across Pampanga, Bulacan, Batangas, Laguna, and Davao del Norte.
The company said it plans to launch seven additional projects in 2026, lifting the total estimated sales value of funded and planned projects to about P53.5 billion.
Credit Rating Investors Services Philippines Inc assigned the bonds an AA+ rating with a positive outlook.
—Edited by Miguel R. Camus
