Century Properties eyes P5 billion from bond sale

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February 7, 2026 | 12:00am

MANILA, Philippines — The Antonio family’s Century Properties Group Inc. (CPG) has obtained regulatory approval to raise up to P5 billion to fund the development of upscale and affordable projects.

In a disclosure before the Philippine Stock Exchange, CPG announced it has secured the order of registration and permit to sell from the Securities and Exchange Commission for the sale of fixed-rate retail bonds.

The issuance is composed of a principal amount of P3 billion, with an oversubscription option of P2 billion, and it is the first tranche of CPG’s shelf registration of P12 billion.

CPG set the interest rates at 6.51 percent per annum for the four-year Series D Fixed-Rate Bonds due 2030 and 7.63 percent for the seven-year Series E Fixed-Rate Bonds maturing in 2033. The issuance marks the sixth time CPG is returning to the bond market.

CPG president and CEO Marco Antonio said proceeds from the offer would partly fund priority projects, such as Mykonos, its upscale residential development in San Fernando, Pampanga.

The company is also investing some of the proceeds into its PHirst segment.

PHirst, CPG’s lineup of affordable housing, is expanding in Magalang, Pampanga; Baliwag and Pandi, Bulacan; Padre Garcia, Batangas; Calauan, Laguna; and Tagum, Davao del Norte.

For 2026, CPG will start putting up two new projects under its premium segment, one in General Trias, Cavite, the other in San Fernando, Pampanga.

On top of this, CPG is launching five additional projects for PHirst, as the builder aims to expand in the recovering market for affordable housing.

These projects, together with the ones to be funded by the proceeds, are expected to generate P53.5 billion in sales.

Antonio said the company is practicing financial prudence to ensure the sustainability of its growing pipeline.

Between January and September 2025, CPG booked a 17-percent increase in profit, propelled by rising demand and cost management. The builder also said it has attained a compounded growth of 23 percent in profit over the past three years.

Aside from this, CPG’s debt ratio declined to just 3.8 times in 2024, from a high of 9.1 times at the height of the pandemic in 2021.

This is why Antonio is optimistic that the company would be able to sustain its expansion push in both upscale and affordable housing, with income picking up while costs are managed.