10 months CPGI to raise P3 B from bond offering MB |Biz
By James A. Loyola Century Properties Group, Inc. is planning to raise P3 billion through the public offering of unsecured fixed-rate peso denominated retail bonds. In a disclosure to the Philippine Stock Exchange, the firm said its Board of Directors has approved the planned issuance and the filing with the Securities and Exchange Commission of a registration statement and prospectus for the retail bonds. Century Properties posted a 23 percent hike in net income to P661 million in the first nine months of 2018 from the P539 million earned in the same period last year. The firm said its nine-month ... more