Century Raises 3 Billion Pesos to Strengthen Mitsubishi Joint Venture

Century Properties Group (CPG), a major real estate developer in the Philippines, announced on February 28 that it has issued 3 billion pesos (about 6.735 billion yen) in bonds. The money will be used for the development of low-cost housing and other projects in a joint venture with Mitsubishi Corporation.
The bonds, with a maturity of five years and an annual interest rate of 5.75%, are part of a plan to issue bonds totaling 6 billion pesos. Of the funds raised, 1 billion pesos will be used for capital expenditures of Phirst Park Homes (PPHI), a joint venture with Mitsubishi Corporation.
Century’s President and CEO, Marco Antonio, said, “We will be able to provide more Filipinos with low-cost, high-quality housing where demand is strong. We will look to expand our business after the pandemic,” he said.

Inquiry / Info request
Online consultation / Free

Related page

Manila,
27°
Mostly Cloudy
5:56 am5:24 pm PST
Feels like: 31°C
Wind: 10km/h ENE
Humidity: 84%
Pressure: 1013.21mbar
UV index: 0
7 pm8 pm9 pm
27°C
27°C
28°C
ThuFriSat
33°C / 26°C
33°C / 26°C
31°C / 25°C

Philippines Calendar

December 2023
SMTWTFS
26
27
28
29
30
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
1
2
3
4
5
6

Philippine Holidays

Inquiry

PVC Info Desk
Return Top Inquiry / Info request Online consultation / Free