Century Properties Group Inc. (CPG) of the Antonio family is raising fresh capital through a fixed-rate notes issuance to support its expansion, according to a report by Philstar Biz.
The company plans to raise P3 billion through the issuance, which will be used to fund its growth initiatives, including residential and commercial project development. The fixed-rate notes offering is part of CPG's strategy to strengthen its capital structure and pursue expansion opportunities in the recovering property market.
CPG's move comes amid improving demand for housing and office spaces in the Philippines, as the economy continues to rebound. The company aims to leverage the fresh funds to accelerate its pipeline of projects and enhance its competitive position in the industry.