Century Properties Group, Inc. Returns to PDEx to List PHP 3 Billion Fixed Rate BondsPosted on: February 24, 2022
24 February 2022, Makati, Philippines — The Philippine Dealing & Exchange Corp. (PDEx) welcomed Century Properties Group, Inc. (CPG) back to the listing podium as the 5th issuer this year. CPG listed its PHP 3 Billion 5-year Bonds carrying an interest rate of 5.7524% per annum to be paid quarterly. CPG’s bond issuance continued the year’s listing streak of oversubscription as it exceeded its original size of PHP 2 billion due to strong investor demand.
PDEx President and CEO Antonino A. Nakpil congratulated CPG’s oversubscription and said: “What is tangible is that Century Properties is establishing itself as a return Issuer / Lister and unlike its previous issuances is venturing further out the yield curve with this, its first bond at the five-year tenor.”
On the other hand, CPG President and CEO Marco R. Antonio acknowledged the support CPG has received. He said: “With the continued support of all our partners and stakeholders, we weathered the most challenging of periods, and again, we are now more optimistic on the future as we set our sights on recovery and more importantly, growth.”
This 5th listing for 2022 brings the year-to-date total of new listings to PHP 112.46 Billion, pushing the total level of tradable corporate debt instruments to PHP 1.38 Trillion issued by 53 companies, comprising of 193 securities.