CYBERZONE Properties, Inc., (CPI) a wholly-owned subsidiary of property developer Filinvest Land, Inc., said on Friday its P5-billion fixed-rate retail peso bond offer was oversubscribed by 2.65 times. It tapped BDO Capital and Investments Corp., BPI Capital Corp., EastWest Banking Corp., and First Metro Investments Corp. as joint issue managers, bookrunners and lead underwriters for the issuance. PNB Capital and Investments Corp. and SB Capital are the co-lead underwriters for the bond offering. To date, CPI has booked a portfolio of 18 operational buildings with 239,823 square meters of gross leasable area (GLA). “This year, we expect three new buildings—Vector Three and Axis Tower One in Northgate Cyberzone Alabang, and Tower 2 in Cyberzone Cebu to be operational,” Yap said.

Source: Manila Times July 07, 2017 18:00 UTC