CENTURY PROPERTIES Group, Inc. reported on Monday that its board of directors has approved the public offering of unsecured fixed-rate peso denominated retail bonds in the sum of P2 billion, with an oversubscription choice of up to P1 billion.
A special meeting of the board of directors was conducted on Monday, the firm told the stock exchange.
The Board also authorized a resolution on the authority of Century Assets to offer Peso Denominated Retail Bonds and to register with the Securities and Exchange Commission a Registration Statement and Prospectus for Retail Bonds under the terms of the Securities Regulations Code.
The business has recently unveiled a new residential property in Pampanga selling 1,079 P1.9 billion homes.
It has recently extended its leasing office to a gross leasing area of 137,000 square feet, after purchasing a 40% stake of its joint venture partner at the Century Diamond Tower in Makati District.
The company’s income soared 74% to P571.48 million in the third quarter owing to investment property gains and non-recurring losses reported in the previous year.