NEXTASIA secures P300 million to fund expansion plan

MANILA, Philippines — NEXTASIA Land Inc. is gearing up for major expansion after securing a P300-million unsecured corporate note facility from qualified investors.

Proceeds from the company’s first capital market issuance will support ongoing project development and strategic land acquisitions within its core growth corridors.

NEXTASIA said the issuance reflects growing investor confidence in its operating track record, prudent financial management, disciplined execution and long-term growth strategy.

Further, the issuance is seen opening an additional funding avenue for the company, enabling it to efficiently and quickly access the capital markets as investor appetite develops, supporting continued expansion across high growth corridors in Southern Luzon.

“This transaction is an important step in strengthening our capital structure while maintaining flexibility for future expansion. We approached this issuance with discipline — not to maximize size, but to establish a strategic presence in the debt capital market,” NEXTASIA chairman and CEO Crispin Carreon said.

BPI Capital Corp. acted as sole arranger and bookrunner for the transaction, while BPI Asset Management and Trust Corp. will be acting as facility agent and paying agent for the corporate notes.

“We are pleased to support NEXTASIA in this milestone transaction. The company’s clear vision and market positioning, attractive growth prospects and disciplined approach to execution have been well-received by the investors,” BPI Capital president Lester Ong said.

NEXTASIA is a residential developer focused on affordable housing in key growth areas in Calabarzon.

With a focused strategy on delivering value-for-money homes in high-demand areas, NEXTASIA said it remains committed to helping address the country’s housing backlog while building future-ready communities.