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CLI Eyes P5B From Sustainability-Linked Bonds

The Philippine Star

|

December 26, 2024

Cebu Landmasters Inc. (CLI), a listed property developer focused on the Visayas and Mindanao regions, is targeting to raise as much as P5 billion from the issuance of sustainability-linked bonds.

- - Richmond Mercurio

The bond issue, which will amount to P3 billion with an oversubscription option of up to P2 billion, will be used to refinance the company's maturing obligations next year as well as for other general corporate purposes.

The issuance is the second tranche of the company's three-year shelf registration program amounting to P15 billion.

Philippine Rating Services Corp. (PhilRatings) has assigned the proposed sustainability-linked bonds an issue credit rating of PRS Aa plus, with a Stable Outlook.

It has likewise maintained its Issue Credit Rating of PRS Aa plus, with a Stable Outlook, for both the company's outstanding bond issuances of P5 billion and outstanding Series A to C corporate notes of P5 billion.

FLERE HISTORIER FRA The Philippine Star

The Philippine Star

DOF pledges tighter oversight, transparency

The Department of Finance (DOF) reaffirmed its commitment to transparency and fiscal discipline amid rising public concerns over alleged corruption and misuse of government funds, vowing to ensure that every peso collected is spent responsibly.

time to read

1 mins

October 26, 2025

The Philippine Star

Cloudy, rainy weather expected across Phl

Scattered rains, thunderstorms and cloudy skies are expected to persist over several parts of the country until the end of October due to the combined effects of three weather systems, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration.

time to read

1 min

October 26, 2025

The Philippine Star

BBM to DPWH: Slash construction material costs by 50%

With some construction materials for infrastructure projects obviously overpriced, President Marcos ordered the Department of Public Works and Highways (DPWH) yesterday to reduce the standard cost for these items by as much as 50 percent to ensure public funds are properly spent.

time to read

2 mins

October 26, 2025

The Philippine Star

Angkas seeks support for entrepreneurs

Angkas founder and chief executive officer Angeline Tham has called on governments to strengthen support for local businesses and startups to ensure that digital transformation benefits developing economies and communities.

time to read

1 min

October 26, 2025

The Philippine Star

The Philippine Star

Phl opens market for Peru avocados

The Philippines has opened its market to fresh Hass avocados from Peru following the signing of a bilateral work plan between the government's crop development agency and the South American country’s agrarian health service.

time to read

1 mins

October 26, 2025

The Philippine Star

The Philippine Star

Lawyers in demand amid scandal-serye

So this is where we are since this flood control corruption scandal erupted — construction projects are down, infrastructure spending has slowed and luxury buyers have laid low.

time to read

3 mins

October 26, 2025

The Philippine Star

Team Phl bags 2nd gold

MANAMA - Charlie Ratcliff promised nothing less than a gold medal just days before she left for the 3rd Asian Youth Games here. She kept her promise.

time to read

2 mins

October 26, 2025

The Philippine Star

The Philippine Star

Beauty Addict Decoded - CELEBRATING 13 YEARS OF BEAUTY, INNOVATION, AND TIMELESS ELEGANCE AT RUSTAN'S

The future of beauty just dropped, and it's serving luxury with a side of innovation.

time to read

3 mins

October 26, 2025

The Philippine Star

Palace sees Christmas jailing of flood control suspects 'doable'

Placing the alleged perpetrators of the flood control anomalies behind bars by December or before Christmas is doable, Malacañang said yesterday, even as it maintained that rushing the filing of cases could lead to dismissals and finger pointing.

time to read

2 mins

October 26, 2025

The Philippine Star

The Philippine Star

Kanlaon erupts anew; ashfall hits barangays

A moderately explosive eruption occurred at Kanlaon Volcano on Negros Island on Friday night, causing ashfall and sulfur stench in 15 barangays, according to the Philippine Institute of Volcanology and Seismology (Phivolcs).

time to read

2 mins

October 26, 2025

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