The Philippine Star
August 13, 2025 | 12:00am
MANILA, Philippines — Listed property developer Cebu Landmasters Inc. (CLI) just lately inked a P3-billion sustainability-linked notes (SLN) facility settlement with high institutional traders. This additional reinforces its place as a trusted and forward-looking actual property developer in Visayas and Mindanao.
BPI Capital Corp. acted as the only real arranger and bookrunner for the transaction, whereas BPI Wealth acted as the ability agent and paying agent for the sustainability-linked notes.
These certified consumers embrace BPI Asset Administration and Belief Corp. in its capability as trustee or funding supervisor for numerous noteholders and Solar Life Funding Administration and Belief Corp. (SLIMTC) appearing because the Funding Supervisor on behalf of its purchasers.
The notes have tenors of seven and 10 years from the preliminary situation date. The proceeds will likely be used for actual property improvement and normal company functions aligned with CLI’s sustainability-linked framework, a roadmap that integrates environmental and social commitments into its financing targets.
“We’re honored by the continued belief of main monetary establishments who share our long-term imaginative and prescient,” mentioned Grant Cheng, CFO of Cebu Landmasters, expressing gratitude for the robust institutional backing. “This transaction not solely offers us with important capital for development but additionally validates our technique of pursuing inclusive, sustainable improvement in fast-growing areas. It’s a strong sign that the market is able to embrace high-potential names past the standard circles, permitting us to pursue development and innovation with renewed momentum.”
This newest issuance builds on CLI’s monitor document of tapping capital markets to assist its enlargement. It follows the corporate’s P5-billion sustainability-linked bond issued earlier this 12 months, additional proof of robust investor curiosity within the firm’s scalable and purpose-driven development. Lately, CLI has launched a number of financing devices, together with bonds and most well-liked shares, cementing its status for transparency and disciplined monetary administration.
The notes will contribute on to CLI’s goal of delivering 16,000 reasonably priced housing items by 2029, successfully doubling the corporate’s complete output since its founding. This ambition displays CLI’s mission to deal with the nation’s housing backlog, notably in underserved development corridors throughout the Visayas and Mindanao.
Luis Antonio Zialcita, chief funding officer of BPI Wealth, commented: “Our participation on this initiative displays our perception within the power of CLI’s imaginative and prescient and our confidence within the long-term worth it might ship.”
SLIMTC president Mike Enriquez added, “We’re proud to be a part of this sustainable finance transaction as we proceed to search for funding alternatives that profit our purchasers and the nation. This transaction gives a singular alternative for us to straight assist social improvement initiatives – on this case, reasonably priced housing for Filipinos nationwide.”
Since its IPO in 2017, CLI has tapped the capital markets a number of instances to assist its enlargement: from its first bond in 2022 to its most well-liked share issuance in 2024, and its first sustainability-linked bond in 2025.
