Cebu Landmasters Inc. (CLI) successfully raised P4 billion from its oversubscribed sustainability-linked bond (SLB) offering to fund its project pipeline.
The issuance marks CLI’s second successful bond offering for 2025, following strong investor demand for its oversubscribed March SLB sale.
“This sustainability-linked issuance strengthens our drive to be the country’s most trusted developer—where every project brings fulfillment to our customers and progress to the communities we serve,” CLI chairman and chief executive Jose Soberano III said Friday during the bond listing at the Philippine Dealing & Exchange Corp.
Soberano added, “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.”
The bonds were issued as the third and final tranche from the company’s P15 billion shelf-registration program, covering Series F, G and H bonds maturing in 2029, 2032 and 2035.
Demand was strong across all terms. The four-year Series F bonds raised P2.19 billion at an interest rate of 6.5408 percent, the seven-year Series G bonds generated P603 million at 6.6807 percent, and the 10-year Series H bonds reached P1.22 billion with a 6.9572 percent interest rate.
Under its SLB framework, the company aims to build more than 16,000 additional affordable homes, bringing its total target across Visayas, Mindanao and upcoming Luzon projects to over 30,000 units by bond maturity.
CLI said proceeds from the issuance will support ongoing developments in key Visayas-Mindanao growth areas, refinance maturing obligations and fund general corporate requirements.
“The strong investor support for both our bond issuances this year reflects the resilience of our business and confidence in our long-term vision,” Soberano said. “It strengthens our commitment to be the country’s most trusted developer, delivering real value to customers and lasting impact to communities.”
The bonds were rated PRS Aa+ with a stable outlook by Philippine Ratings Services Corp.
