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Century Properties plans PHP 2 billion 6.7177% preferreds
By Marisa Wong
Los Angeles, Dec. 13 – Philippines’ Century Properties Group Inc. plans to offer PHP 2 billion of preferred shares with an oversubscription option for up to PHP 1 billion of preferred shares.
The preferred shares will have an initial dividend rate of 6.7177% and will be sold at par of PHP 100.
Century Properties is a Makati City-based real estate company.
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