The offer will comprise
The bond will be issued in three series: three-year bonds with 6 percent interest rate due 2017; five-year bonds to mature in 2020 with an interest of 6.6878 percent and seven-year bonds with 6.9758 percent interest.
The P3-billion debt sale through underwriters will take place from
CPG said the bonds received an AA+ rating with a stable outlook by the
According to the rating advice, CPG is expected to maintain its hold and diversification in its domestic market segments, as well as receiving continued patronage from its overseas Filipino market.
The company expects to complete a total of 31 residential buildings by 2019. Its portfolio of launched residential projects is over 90 percent pre-sold.
Besides residential buildings, CPG also expects to complete four commercial buildings totaling 100,000 square meters (sqm) of leasable area by 2020. It includes the world's first Forbes-branded commercial tower to be located at
The firm also said it will turn over the 28-story Centuria Medical Makati by year-end. It is an outpatient IT medical arts building with more than 500 doctors' clinics and other medical facilities such as a diagnostic laboratory, day surgery center, and pharmacy.
In March, the company opened
As of first half of this year, CPG has completed 25 condominiums, comprising a total of 8,777 units. The company's projects include Essensa East Forbes in Fort Bonifacio; SOHO Central in the
Incorporated in 1975, CPG is involved in the real estate business through its whollyowned subsidiaries
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