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Manila Bulletin devider Business devider The Stock Market devider Century Properties to launch ₱40-billion projects after raising ₱5 billion from bonds

Century Properties to launch ₱40-billion projects after raising ₱5 billion from bonds

Published Feb 23, 2026 12:00 am  |  Updated Feb 21, 2026 01:36 pm

Antonio-led Century Properties Group Inc. (CPG) is planning to launch ₱40 billion worth of residential projects this year, which will be partly funded by the ₱5 billion it raised from its latest bond issuance.

Through its subsidiary PHirst Park Homes Inc. (PPHI), which focuses on the affordable market, CPG plans to launch up to nine projects with a sales value of ₱30 billion this year.

Separately, its other subsidiary, Century Limitless Corp. (CLC), plans to launch a project in General Trias City, Cavite, worth ₱10 billion this quarter after completing the third condominium in its Azure North development in San Fernando City, Pampanga.

Proceeds from the offer will be used to fund capital expenditures (capex) for Mykonos, an existing Century Premium residential development in San Fernando, as well as six projects under the PHirst segment in various locations, including Magalang, Pampanga; Baliwag City and Pandi, Bulacan; Padre Garcia, Batangas; Calauan, Laguna; and Tagum City, Davao del Norte.

In 2026, the company is also planning to launch two projects under its Century Premium segment, in General Trias and San Fernando and five additional projects under its PHirst segment this year.

These seven projects, together with the seven projects that will be financed by the bond proceeds, are expected to bring total estimated sales value to around ₱53.5 billion.

CPG made its sixth listing at Philippine Dealing & Exchange Corp. (PDEx) for its latest issuance of ₱5 billion worth of four- and seven-year fixed-rate bonds.

The firm issued a principal amount of ₱3 billion and fully exercised the oversubscription option of ₱2 billion. The bonds carry coupon rates of 6.508 percent per annum for its four-year series D fixed-rate bonds due 2030 and 7.628 percent per annum for its seven-year series E fixed-rate bonds due 2033.

“We are very pleased by the outcome of this transaction. The strong demand for our retail bonds reflects investor confidence in our long-term strategy and in our ability to execute consistently, even amid shifting market dynamics,” said CPG President and Chief Executive Officer (CEO) Marco R. Antonio.

China Bank Capital Corp. acted as sole issue manager, and together with PNB Capital and Investment Corp., as joint lead underwriters and bookrunners. Land Bank of the Philippines (Landbank) served as a selling agent.

The bonds constitute the initial tranche of CPG’s debt securities shelf registration program in the aggregate principal amount of ₱12 billion, which was approved by the Securities and Exchange Commission (SEC) last Feb. 5, 2026.

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Century Properties Group Inc. Marco R. Antonio Juan Paolo Colet Chinabank Capital Corporation
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