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Philippines’ Century Properties redeems PHP 3 billion preferreds
By Marisa Wong
Los Angeles, July 10 – Century Properties Group Inc. announced it fully redeemed its PHP 3 billion of cumulative, non-voting, non-convertible, non-participating, redeemable preferred shares issued on Jan. 10, 2020.
The preferreds were redeemed on July 10 at PHP 100 per share, according to a press release.
The company’s outstanding total debt as of the end of December 2022 was down to PHP 17.3 billion, from PHP 18.4 billion the previous year, due to repayment of PHP 1.1 billion short-term and long-term debt. In April 2022, the company had redeemed its PHP 3 billion fixed-rate retail bonds.
Century Properties is a Makati City, Philippines-based real estate company.
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