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Manila Bulletin devider Business devider The Stock Market devider Century Properties ramps up landbanking with ₱3-billion fundraising

Century Properties ramps up landbanking with ₱3-billion fundraising

Published Jun 30, 2026 10:55 am

Century Properties Group Inc. (CPG) is expanding its nationwide footprint by pursuing strategic landbanking in the Calabarzon, Central Luzon, Panay, and Davao regions.

In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, June 30, the firm said the property acquisitions will be funded by a portion of the ₱3 billion it raised from the issuance of five-year fixed-rate corporate notes.

A portion of the proceeds will also be used to finance the construction of presold units under its first-home residential business.

“We continue to see strong long-term fundamentals in the Philippine housing market, supported by the country’s structural housing backlog and sustained end-user demand,” CPG President and Chief Executive Officer (CEO) Marco Antonio said.

CPG said it has enrolled the corporate notes with Philippine Dealing & Exchange Corp. (PDEx) following their successful issuance to qualified institutional investors.

Chinabank Capital Corp. served as the sole arranger and bookrunner for the transaction.

The issuance forms part of CPG’s long-term capital management strategy to strengthen funding flexibility and diversify its funding sources.

The company said that by proactively accessing the capital markets, it aims to reduce execution risk while preserving the flexibility to pursue growth opportunities as they arise.

“This issuance reinforces our long-term funding platform and reflects our disciplined approach to capital management. By raising capital ahead of need, we are enhancing financial flexibility while remaining well-positioned to pursue future opportunities,” Antonio said.

The transaction also aligns long-term funding with the company’s long-term financing requirements while supporting prudent balance sheet management.

“Our priority is to maintain a funding profile that gives us flexibility without compromising financial discipline,” said CPG Chief Financial Officer (CFO) and investor relations (IR) head Rodel V. Marqueses.

“This 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 our leverage and other key financial metrics,” Marqueses added. - James A. Loyola

Related Tags

Century Properties Group Inc. Jose Marco R. Antonio Rodel V. Marqueses
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