Cyberzone P5-B bond issue 2.65X oversubscribed

CYBERZONE Properties, Inc., (CPI) a wholly-owned subsidiary of property developer Filinvest Land, Inc., said on Friday its P5-billion fixed-rate retail peso bond offer was oversubscribed by 2.65 times.

Strong demand from investors prompted the company to tap its authorized oversubscription allotment of P1 billion.