Regulator clears P1-B Cityland debt offering

By Earl John Alfaro

Oct 22, 2024 12:19 am

CITYLAND Development Corp. has obtained a permit from the Securities and Exchange Commission to offer P1 billion in short-term commercial papers (CP) to fund its corporate requirements.

The property developer told the stock exchange on Monday that it received the permit to offer securities for sale last Friday after it immediately complied with required submissions detailed in an October 17 pre-effective letter.

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