MANILA, Philippines — The Antonio family’s Century Properties Group Inc. (CPG) has listed its P3-billion notes on the Philippine Dealing and Exchange Corp. (PDEx) to raise funds for future projects.
In a disclosure, CPG said it has enrolled its five-year fixed corporate notes with PDEx, raising P3 billion to fund future expenditures.
The notes were issued to qualified buyers and are exempt from the Securities and Exchange Commission’s registration requirements.
CPG will use the proceeds to purchase additional land in Central Luzon, Southern Tagalog, Panay and the Davao Region. Apart from this, funds will be allocated for the construction of pre-sold units for its residential business.
CPG president and CEO Marco Antonio said the company has decided to raise capital to prepare for long-term investments in Philippine housing. Antonio underscored CPG’s dedication to bridging the country’s housing gap.
“This issuance reinforces our long-term funding platforms and reflects our disciplined approach to capital management,” Antonio said.
CPG chief financial officer and head of investor relations Rodel Marqueses also said the issuance provides planning flexibility without giving up financial strength.
“Our priority is to maintain a funding profile that gives us flexibility without compromising our financial discipline. The issuance strengthens our capital base, broadens our sources of long-term funding and positions us to execute our growth plans, while remaining disciplined in managing leverage and other key financial metrics,” Marqueses said.
CPG intends to access the capital markets proactively to preserve financial flexibility and reduce execution risk. For this transaction, China Bank Capital Corp. served as CPG’s sole arranger and bookrunner.
For 2026, CPG is setting aside P12 billion for capital expenditures, primarily to finance residential projects in Luzon and other areas, such as in General Santos City, where it is building around 2,400 houses.