MAKATI CITY – Century Properties Group, Inc. (CPGI) has secured the Order of Registration and Permit to Sell from the Securities and Exchange Commission (SEC) for its Philippine Peso-denominated Fixed Rate Retail Bonds. The bonds constitute the initial tranche of CPGI’s debt securities shelf registration program in the aggregate principal amount of ₱12.0 billion, which was approved by the Securities and Exchange Commission (SEC) under SEC MSRD Order No. 009 series of 2026, dated February 5, 2026. CPGI has set the interest rates for its Philippine Peso-denominated Fixed Rate Retail Bonds at 6.5080% p.a. for its four (4)-year Series D Fixed Rate Bonds due 2030 and 7.6280% p.a. for its seven (7)-year Series E Fixed Rate Bonds due 2033, which will mark its sixth bond issuance to date. CPGI will issue an aggregate principal amount of ₱3.0 billion, with an oversubscription option of up to ₱2.0 billion. Proceeds from the offer will be used to fund capital expenditures for Mykonos, an existing Century Premium residential development in San Fernando (Pampanga), as well as six projects of the PHirst segment in various locations, including Magalang (Pampanga), Baliwag (Bulacan) Pandi (Bulacan), Padre Garcia (Batangas), Calauan (Laguna) and Tagum (Davao del Norte). In 2026, the Company is also planning to launch two projects under its Century Premium segment, in General Trias (Cavite) and San Fernando (Pampanga), and five additional projects for 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. “The strong demand for our retail bond issuance reflects investor confidence in our long-term strategy and our ability to execute consistently across market cycles,” said Marco Antonio, President and CEO of CPGI. “We remain focused on delivering quality New Generation Real Estate that contributes to nation-building, while maintaining disciplined growth and financial prudence.” The successful issuance builds on the company’s improving financial performance and strengthening balance sheet. As of September 30, 2025, the company reported a 17% increase in net income, supported by sustained project take-up and disciplined cost management. Over the past three years, it has achieved a compounded annual net income growth rate of 23%, while significantly improving leverage, with its debt-to-EBITDA ratio declining from a high of 9.1x in 2021 to 3.8x in 2024 and 3.3x in 9M 2025. Stable operating cash flows support the Company’s balance sheet resilience, while a defined project pipeline across the Century Premium and PHirst segments underpins growth prospects. |