Cebu Landmasters, Inc. (CLI), the leading developer in the Visayas and Mindanao (VisMin) regions, successfully raised ₱4 billion from its oversubscribed sustainability-linked bond (SLB) offering. The issuance, which was officially listed on the Philippine Dealing System Holding Corp. on December 5, 2025, marks CLI’s second successful bond offering this year and secures the funding pipeline for its ambitious growth plans.
This latest offering completes the third and final tranche of CLI’s ₱15-billion shelf-registration program. The robust demand saw the issuance oversubscribed, affirming the market’s continued confidence in the company’s long-term vision and performance.
The new SLB tranche consists of three series:
Series F (4-year bonds, maturing 2029): Raised ₱2.19 billion at an interest rate of 6.5408%.
Series G (7-year bonds, maturing 2032): Generated ₱603 million at 6.6807%.
Series H (10-year bonds, maturing 2035): Raised ₱1.22 billion at an interest rate of 6.9572%.
As the first real estate developer in the Philippines to link its bond financing to affordable housing delivery, CLI is using the proceeds to further its social impact goals.
“Our commitment at Cebu Landmasters has always been to build communities where Filipino families can truly thrive,” said CLI Chairman and CEO Jose Soberano III. “This sustainability-linked issuance strengthens our drive to be the country’s most trusted developer—where every project brings fulfillment to our customers and progress to the communities we serve.”
Under this SLB framework, CLI targets to deliver more than 16,000 additional affordable homes, which will bring its total affordable housing output across VisMin and upcoming Luzon projects to over 30,000 units by the bonds’ maturity.
“It also reinforces our mission to deliver masterful real estate experiences that uplift lives and support nation-building, as we expand our ability to develop quality, affordable homes that move progress forward across the country,” Soberano added.
The proceeds from the offering will be used to support active project development in key VisMin growth markets, refinance maturing obligations, and fund general corporate requirements.
Investor faith in CLI is backed by strong fundamentals. PhilRatings reaffirmed a PRS Aa Plus rating with Stable Outlook for the issuance, citing the company’s solid financial position, consistent earnings growth, and proven market leadership. Furthermore, the 2025 Colliers Real Estate Market Study confirms CLI’s competitive edge, validating its status as the number 1 housing developer in VisMin with an impressive 18% market share in residential take-up.
