This marks CLI’s second successful bond issuance in 2025, following the strong reception of its oversubscribed SLB issued in March. The latest tranche was formally listed on December 5 at the Philippine Dealing System Holding Corp.
Driving the news
CLI chair and CEO Jose Soberano III said the SLB issuance affirms the company’s commitment to build communities that uplift Filipino families.
“This sustainability-linked issuance strengthens our drive to be the country’s most trusted developer—where every project brings fulfillment to our customers and progress to communities,” Soberano said in a press statement.
He added that the SLB proceeds support CLI’s mission to deliver “masterful real estate experiences” and expand the firm’s presence in the affordable housing market nationwide.
By the numbers
The offering completes the third and final tranche of CLI’s P15-billion shelf-registration program. The newly listed Series F, G, and H bonds will mature in 2029, 2032, and 2035, respectively.
Investor demand remained strong across all tenors:
• P2.19 billion raised from Series F (4-year) at 6.5408 percent
• P603 million raised from Series G (7-year) at 6.6807 percent
• P1.22 billion raised from Series H (10-year) at 6.9572 percent
Why it matters
CLI is the first real estate developer in the Philippines to anchor a sustainability-linked bond to affordable housing delivery. Under its SLB framework, the company targets over 16,000 additional affordable homes, raising its total affordable housing inventory across VisMin and upcoming Luzon projects to more than 30,000 units by bond maturity.
Proceeds will help finance ongoing projects in key VisMin growth markets, refinance maturing obligations, and support general corporate initiatives.
Zoom out
Investor confidence in CLI continues to build, supported by solid credit fundamentals.
PhilRatings reaffirmed its PRS Aa Plus rating with a stable outlook, citing the company’s strong financials, consistent earnings performance, and market leadership.
The 2025 Colliers Real Estate Market Study also ranks CLI as the No. 1 housing developer in VisMin, holding an 18-percent share of residential take-up.
What they’re saying
“The strong investor support for both our bond issuances this year reflects the resilience of our business and confidence in our long-term vision,” Soberano said. “It strengthens our commitment to be the country’s most trusted developer.” —Ed: Corrie S. Narisma
