MANILA — Century Properties Group Inc. (CPG) is moving closer to its planned P12-billion bond issuance after receiving the green light from the Securities and Exchange Commission (SEC) for the registration of its debt securities shelf registration program on January 14, 2026.
The approval allows Century Properties to issue up to P12 billion in fixed-rate bonds over a three-year period (2026–2028), providing the company with flexible access to capital markets for refinancing, project funding, and general corporate purposes.
Key Details of the Bond Program
- Total Shelf Limit: P12 billion
- Program Duration: 3 years (2026–2028)
- Use of Proceeds (per prospectus):
- Refinancing of existing debt
- Funding ongoing and new real estate projects (residential, commercial, hospitality)
- General working capital and corporate purposes
- Expected Tranches: Multiple issuances (e.g., 3–7 years tenor), with the first drawdown likely in Q1–Q2 2026
- Rating: Expected PRS A or higher from Philippine Rating Services Corporation (PhilRatings), reflecting Century Properties’ strong financial position and track record.
- Lead Underwriters: Likely major banks (BDO Capital, BPI Capital, First Metro Investment Corp., etc.)
Century Properties President and CEO Marco Antonio R. Antonio commented:
“This shelf registration gives us the flexibility to tap the bond market at optimal times, supporting our aggressive growth pipeline while maintaining a prudent capital structure. We remain focused on delivering high-quality residential and commercial developments across Metro Manila and key provincial markets.”
The company ended 2025 with a robust project pipeline (including high-rise condos in Makati, BGC, and Quezon City) and strong presales momentum. The bond program will help fund expansion amid rising demand for premium and mid-market housing.
Here are visuals related to Century Properties’ recent projects, the company’s growth trajectory, and conceptual bond issuance graphics:
A strategic financing move — Century Properties joins a growing list of developers tapping the bond market to fuel expansion in a recovering real estate sector.