Century Properties raising P3 billion to support expansion

MANILA, Philippines — Century Properties Group Inc. (CPG) of the Antonio family is raising fresh capital through a fixed-rate notes issuance to support its expansion.

In a stock exchange filing, CPG said its board approved the issuance of up to P3 billion in five-year fixed-rate corporate notes.

The listed property developer will use the proceeds to finance working capital, general corporate purposes and land banking.

The notes, which will be enrolled with the Philippine Dealing & Exchange Corp., are exempt from registration with the Securities and Exchange Commission because they will be sold only to qualified buyers.

CPG said the notes would be issued within June 2026 in scripless form, in minimum denominations of P25 million each and in integral multiples of P5 million thereafter.

CPG is earmarking P12 billion for capital expenditures to fund its developments this year.

CPG president and CEO Marco Antonio earlier said that while the company remains mindful of short-term headwinds, it remains optimistic about the long-term fundamentals of the business.

“Demand for quality housing across key segments remains supported by structural market needs and we believe the company is well positioned to pursue opportunities as conditions stabilize,” he said. During the first quarter, CPG reported a net income of P446 million, six percent lower than the P473 million recorded in the same period in 2025.