The Philippine Securities and Exchange Commission has considered favorably Century Properties Group, Inc.’s debt securities program, resolving to render effective the company’s registration statement for the shelf registration of up to PHP 12 billion in fixed-rate bonds, subject to compliance with remaining requirements. The initial offering will comprise up to PHP 3 billion in fixed-rate bonds, with an oversubscription option of up to PHP 2 billion. The initial tranche will include four-year Series D bonds due in 2030 and seven-year Series E bonds due in 2033, to be offered at face value. If the oversubscription option is fully exercised, Century Properties Group expects net proceeds of around PHP 4.9 billion, to be used to fund capital for its residential development projects. The latest timeline submitted to the Commission sets an offer period of January 26 to 30, with issuance and listing on the Philippine Dealing & Exchange Corp. planned for February 6; China Bank Capital Corporation was appointed sole issue manager and, together with PNB Capital and Investment Corporation, joint lead underwriter and bookrunner.
Philippine Securities and Exchange Commission2026-01-21
Philippine Securities and Exchange Commission renders effective Century Properties Group shelf registration for up to PHP 12 billion fixed-rate bonds
The Philippine Securities and Exchange Commission approved Century Properties Group, Inc.'s registration for a PHP 12 billion fixed-rate bond program, with an initial offering of up to PHP 3 billion and a PHP 2 billion oversubscription option. The bonds, due in 2030 and 2033, will fund residential projects, with the offer period set for January 26-30 and listing on February 6.