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City & Land Raising P400 M from Commercial Paper Issuance
The Philippine Star
|December 28, 2024
City & Land Developers Inc. is raising P400 million from the issuance of commercial papers to support its funding requirements.
The listed property company said that it has secured an approval from the Securities and Exchange Commission (SEC) for the registration of P400 million worth of short-term commercial papers.
The SEC certificate of permit to offer securities for sale dated Dec. 20 was issued in favor City & Land Developers.
The proceeds of the issuance will be used to finance the funding requirements of the company.
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