CPI’s bond issuance had been given a PRS

CPI’s bond issuance had been given a PRS Aaa score by means of Philippine Rating Services Corp. (PhilRatings), its maximum score possible, indicating the company’s sturdy capability to satisfy its financial commitments relative to that of other Philippine corporates.

The agency pegged the interest charge for the 5.Five-year bonds at five.0496 percentage in line with annum.

It tapped BDO Capital and Investments Corp., BPI Capital Corp., EastWest Banking Corp., and First Metro Investments Corp. As joint trouble managers, bookrunners and lead underwriters for the issuance.

PNB Capital and Investments Corp. And SB Capital are the co-lead underwriters for the bond imparting.

To date, CPI has booked a portfolio of 18 operational buildings with 239,823 square meters of gross leasable vicinity (GLA).

“This 12 months, we assume 3 new buildings—Vector Three and Axis Tower One in Northgate Cyberzone Alabang, and Tower 2 in Cyberzone Cebu to be operational,” Yap said.

“These will upload nearly 103,000 square of GLA or a 43 percent growth from the fourth area of 2016, bringing us to 342,641 sq. Via the give up of the yr,” he added.

By 2020, CPI’s overall GLA is focused to attain 493,720 square.

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