Cyberzone Properties, Inc. Debuts in the PDEx Organized Secondary MarketPosted on: July 7, 2017
07 July 2017, Makati Philippines – Cyberzone Properties, Inc. (CPI) joined its affiliates Filinvest Development Corporation, Filinvest Land, Inc., and EastWest Bank in the roster of the Philippine Dealing & Exchange Corp. (PDEx) Issuer Community with the listing of its maiden PhP 6 Billion Fixed Rate Bonds due 2023 in the organized secondary market.
With this listing, the combined level of outstanding securities of the Filinvest Group’s listed on PDEx stands at PhP 51.17 Billion, representing 7% of the total corporate fixed-income issues in this registered market.
CPI President and CEO Joseph Yap said: “We are very delighted to witness the strong demand for the CPI Bonds which resulted in an oversubscription of almost thrice the base amount of P5 Billion, enabling us to easily exercise the P1 Billion oversubscription option that was approved by the SEC. We are very thankful for the trust and confidence of the investors, particularly the retail segment, in CPI.”
In his welcome remarks, PDS Group President and CEO Cesar B. Crisol said: “We remain heartened by the robust issuance activity being met by the sustained investment demand from the growing base of bondholders equally comfortable with the long tenors of corporate bonds being offered.”
This sixteenth listing for the year brings the year-to-date total of new listings to PhP 117.46 Billion, an increase of 293.5% from the same period last year; while the total level of tradable corporate debt instruments reached PhP 718.17 Billion composed of 121 securities listed by 46 companies.
The event was held at the PDS Assembly Hall and was graced by Filinvest Development Corporation Chairman Emeritus and Filinvest Land, Inc. Director Mercedes Gotianun, CPI Senior Officers including President and CEO Joseph Yap, Chief Finance Officer Ana Venus Mejia, and Treasurer Nelson Bona.
The Issue Participants were also present including BDO Capital & Investment Corporation Senior Vice President Eleanor Hilado, BPI Capital Corporation President Juan Carlos Syquia, EastWest Banking Corporation Jose Roberto Reyes, First Metro Investment Corporation President Rabboni Francis Arjonillo, PNB Capital Corporation Vice President Sabino De Leon, and SB Capital Corporation President Noel Dayrit. #