Cebu Landmasters raises P4B from sustainability-linked bonds
Cebu Landmasters Inc. has raised P4 billion from its sustainability-linked bond issuance. This gives the firm more financial muscle to expand not just in the Visayas and Mindanao, but also in Luzon.
The real estate developer on Friday said the fundraising activity saw robust interest from investors. This also marked the third and final tranche of its P15-billion shelf-registration program.
“The strong investor support for both our bond issuances this year reflects the resilience of our business and confidence in our long-term vision,” CLI chair and CEO Jose Soberano III said in a statement.
“It also reinforces our mission to deliver masterful real estate experiences that uplift lives and support nation-building, as we expand our ability to develop quality, affordable homes that move progress forward across the country,” he added.
The bonds were listed on the Philippine Dealing System Holding Corp.
The firm noted that the Series F, G and H bonds would mature in 2029, 2032 and 2035, respectively.
The Philippine Rating Services Corp. earlier assigned an issue credit rating of PRS Aa plus with a stable outlook to Cebu Landmasters. This means that the group’s capacity to meet its financial commitments is “very strong.”
Cebu Landmasters said the proceeds would help the group deploy over 16,000 additional affordable homes. A portion is allotted for its debut in the Luzon market.
According to the 2025 Colliers Real Estate Market Study, Cebu Landmasters still dominates the Visayas and Mindanao regions with a market share of 18 percent in residential take-up.
Lead in Vis-Min
For the first three quarters of this year, the company recorded higher consolidated profit, up by 6 percent to P3.1 billion, as it continued to maintain its leadership in the residential property market in the Visayas and Mindanao.
Also, the company’s revenues rose by 2 percent to P14.3 billion in the January to September period.
During those nine months, Cebu Landmasters’ residential reservation sales jumped 27 percent to P19.3 billion.
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