Century Properties raises P3B from bond offering bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Published March 2, 2021, 5:00 AM
Real estate developer Century Properties Group, Inc. has raised P3.0 billion in fresh funds from its latest bond offering, P1 billion more than its initial target because the offer was twice oversubscribed.
CPG said the three-year unsecured Peso-denominated fixed rate retail bonds, carrying a coupon rate of 4.8467 percent per annum, were well received by investors that CPG had to exercise its P1.0 billion oversubscription option from a base size of P2.0 billion.
CPG Chief Finance Officer and Head for Investor Relations Ponciano S. Carreon, Jr. said significant interest in the offering moved the pricing at the tighter end of the marketing spread range.
Published February 22, 2021, 4:48 PM
Century Properties Group Inc. announced that Jose Roberto “Robbie” R. Antonio has resigned as Co-Managing Director and Member of the Board, effective immediately.
In his letter to the CPG Board on February 20, 2021, Antonio said his departure will allow him to focus on resolving the issues in his privately-owned company – Revolution Precrafted Philippines, its subsidiaries and allied businesses, which was affected by the pandemic.
Jose Roberto “Robbie” R. Antonio
Antonio thanked the board for their support and wished continued success for CPG. The Antonio family controls CPG which was founded by his father Jose E.B. Antonio.
“I know I am making the correct decision to step down from my position in CPG as I will leave it under the very capable leadership of the Board and the professional expertise of its senior management team. This will also allow me to focus on addressing the pressing issues in Revolution and its allied busines
Century Properties co-managing director resigns to resolve issues in own company bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Robbie Antonio, Founder, Revolution Precrafted
February 19, 2021
Editor’s note: Robbie Antonio, the founder of the luxury prefab construction firm Revolution Precrafted, is being probed by the National Bureau of Investigation (NBI) in the Philippines for allegedly duping suppliers and contractors. Meanwhile, DealStreetAsia has received a notice, dated Feb. 1, from Lambert Worldwide, representing Antonio, to take down our investigative articles into the company.
We are republishing the two articles, published on Feb. 21, 2020 and March 2, 2020, as free reads below.
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Slow projects, small fundraising dim Revolution Precrafted’s unicorn halo