CITYLAND Development Corp. has obtained a permit from the Securities and Exchange Commission to offer P1 billion in short-term commercial papers (CP) to fund its corporate requirements.
CITYLAND Development Corp. has obtained a permit from the Securities and Exchange Commission to offer P1 billion in short-term commercial papers to fund its corporate requirements.The property developer told the stock exchange on Monday that it received the permit to offer securities for sale last Friday after it immediately complied with required submissions detailed in an October 17 pre-effective letter.
available for drawing by any of the companies in the Cityland Group,' according to a quarterly report filed last August.In February, Cityland launched the 50-story mixed-use CityNorth Tower in Quezon City. Featuring residential, office, and commercial units, the project is said to be within walking distance to Quezon City's biggest malls, SM City North EDSA and Trinoma.CityNorth Tower is expected to be completed in February 2028.The Cityland Group reported a net income of P339.
Clears P1-B Cityland Debt Offering
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