{"id":331276,"date":"2025-01-27T23:33:34","date_gmt":"2025-01-27T15:33:34","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=331276"},"modified":"2025-01-27T23:33:36","modified_gmt":"2025-01-27T15:33:36","slug":"trade-the-news-cli-targets-p10b-from-bond-issuances-this-year","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-cli-targets-p10b-from-bond-issuances-this-year\/","title":{"rendered":"Trade the News: CLI targets P10B from bond issuances this year"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Cebu Landmasters Inc.<\/td><\/tr>
Stock Code<\/strong><\/td>CLI<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 3.70<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

CEBU LANDMASTERS, Inc. (CLI) plans to raise P10 billion through bond offerings this year, according to its chairman.<\/p>\n\n\n\n

CLI Chairman and Chief Executive Officer Jose R. Soberano III said during a media briefing in Makati City last week that P5 billion in sustainability-linked bonds will be listed by the first week of March, while another P5 billion will be issued by the fourth quarter.<\/p>\n\n\n\n

The two planned offerings represent the second and third tranches of CLI\u2019s P15-billion shelf-registered debt securities program, respectively.<\/p>\n\n\n\n

\u201cThe next tranche of P5 billion is already in the works. The target listing is by the first week of March. We\u2019re already book-building now,\u201d Mr. Soberano said.<\/p>\n\n\n\n

\u201cWe plan another P5 billion (bond issuance) in the last quarter to close out the P15 billion. These are probably to refinance,\u201d he added.<\/p>\n\n\n\n

The second tranche consists of a base offer of up to P3 billion and an oversubscription option of up to P2 billion of peso-denominated Series D Bonds due in 2028 and Series E Bonds due in 2030.<\/p>\n\n\n\n

In December last year, CLI said the second tranche received a \u201cPRS Aa plus\u201d credit rating with a stable outlook from the Philippine Ratings Services Corp. (PhilRatings), citing the company\u2019s sustained earnings growth and competitive advantage in the Visayas and Mindanao markets.<\/p>\n\n\n\n

Obligations with a \u201cPRS Aa\u201d rating are \u201chigh quality\u201d and subject to very low credit risks, reflecting the company\u2019s \u201ccapacity to meet financial commitments.\u201d A stable outlook means the rating is likely to be maintained in the next 12 months.<\/p>\n\n\n\n

The company listed the first tranche of the P15-billion shelf-registered debt securities program in October 2022.<\/p>\n\n\n\n

Last week, CLI said it would allocate P12 billion for the initial phases of its two maiden projects in Luzon, which consist of a horizontal development and a condominium project.<\/p>\n\n\n\n

The company is likely to launch its first Luzon project by 2026.<\/p>\n\n\n\n

(News Source: Business World<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-331276","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=331276"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331276\/revisions"}],"predecessor-version":[{"id":331278,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/331276\/revisions\/331278"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=331276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=331276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=331276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}