The Securities and Exchange Commission (SEC) has approved the debt securities program of Cebu Landmasters Inc., which looks to raise as much as P8 billion from the first tranche.
In its Sept. 6 meeting, the Commission en banc rendered effective the registration statement of Cebu Landmasters covering up to P15 billion in bonds, subject to the company’s compliance with certain remaining requirements.
Cebu Landmasters may offer the bonds in tranches within three years. For the first tranche, the listed property developer will offer to the public up to P8 billion of Series A bonds due 2026, Series B bonds due 2028, and Series C bonds due 2029.
The company could net up to P7.9 billio…
Keep on reading: SEC approves shelf registration of Cebu Landmasters’ P15-B bonds