Century Properties Group lists P2B preferred shares

by The Manila Times

Feb 26, 2024 12:26 am

PROPERTY developer Century Properties Group Inc. (CPG) completed its P2-billion perpetual, cumulative, nonparticipating, nonvoting, redeemable, nonconvertible Series B Preferred Shares (CPGPB) follow-on offering with the bell-ringing at the Philippine Stock Exchange on Feb. 22, 2024.

'We are very pleased with the investors' reception of our issuance, which allowed us to price at the tighter end of the marketing spread and set the dividend rate at 7.5432 percent,' CPG Chief Finance Officer Ponciano Carreon Jr. said.

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