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Cebu Landmasters to issue bonds to fuel expansion

November 7, 2017

Homegrown property developer Cebu Landmasters Inc. (CLI) is primed to once again tap the capital market in the first half of 2018 as it seeks to fuel its prospects for expansion.

Jose Soberano III, CLI president and chief executive officer, said they plan to raise P5 billion to P10 billion through the issuance of retail bonds.

“This will be made available to a wider spectrum of investors, and they will be assured of fixed returns on their investments,” Soberano told reporters on the sidelines of CLI’s annual stockholders’ meeting at the Cebu City Marriott Hotel on Monday.

Read Cebu Daily News for the full story.