Century Properties Group Inc. plans to raise as much as P6 billion from a fresh offering of fixed-rate retail bonds.

The initial offering of these five-year bonds will have a base size of P2 billion with an option to increase by P1 billion in case of strong demand from the investing public.

The board has authorized the company to apply for the registration and licensing of the bonds with the Securities and Exchange Commission, and the listing of the bonds with the Philippine Dealing and Exchange Corp.

The initial offering of these bonds will have a base size of P25 billion with an option to increase by P5 billion in case of strong demand from the investing public.

Proceeds from the issuance would be used to cover the company’s capital expenditures for vertical developments, repay debt and fund working capital.

The post Antonios’ Century Properties return to debt market first appeared on Bilyonaryo Business News.



Antonios’ Century Properties return to debt market
Source: Filipino Daily Inquirer