The notes facility agreement consists of seven-year corporate notes amounting to P2.5 billion at a fixed rate of 7.25%.
A 10-year corporate note worth P1.5 billion with a five-year repricing period was also included. The rate for the first five years is fixed at 6.75%, the company said.
The remainder, at P1 billion, consists of a 10-year corporate note at a fixed rate of 6.63%, CLI said.
CLI serves the full range of high-end, mid-market, economic and socialized housing segments, mostly in the provinces.
The banks that participated in the corporate notes agreement are Bank of The Philippine Islands, BDO Unibank, Inc., China Banking Corp. and Land Bank of the Philippines.
The fund-raising exercise was administered by issue manager BPI Capital Corp. and joint lead arrangers and bookrunners BPI Capital Corp. and BDO Capital and Investment Corp.
Cebu Landmasters appointed BPI Asset Management and Trust Corp. as the facility agent and paying agent.
On Friday, shares in CLI slipped by 1.50% to close at P4.59.