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March 29, 2016
(The Philippine Star)
MANILA, Philippines - DMCI Homes, the Consunji group's property arm, has obtained the green light from the Securities and Exchange Commission (SEC) to proceed with the second offering of P500 million in Homesaver Bonds.
"The second offer is primarily intended to assist retail investors in accumulating savings to be used as down payment for a DMCI Homes unit. Capital raising is only secondary to the foregoing purpose. In the event the issuer is unable to raise the P500 million second offer issue size, the company will finance its working capital and general corporate expenses using inter ally generated funds," DMCI said in its registration statement.
DMCI Homes is the housing development arm of the Consunji Group's DMCI Holdings Inc. It has an existing shelf registration from the Securities and Exchange Commission (SEC) to issue up to P1 billion in Homesaver Bonds.
The company successfully sold P500 million in November last year for the first offering.
The P500 million bonds were composed of three and five-year bonds and were offered in three tranches.
DMCI Homes is gearing up to launch nine new projects next year with total value of P50 billion.
It also has plans to mark its first foray in mass housing, with the first project possibly in Bataan.
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COVID-19 ADVISORY | OPERATION OF SATELLITE OFFICES: DMCI Homes Satellite Information Centers will be operational in a limited capacity starting August 4, 2020 from 10 AM to 5 PM weekdays only.
COVID-19 ADVISORY | CUSTOMER HELPDESK OPERATIONS: Only one (1) guest or visitor who have booked prior appointments will be allowed entry. You may book an appointment through book.dmcihomes.com.
COVID-19 ADVISORY | NEW CONSTRUCTION UPDATES: Site Progress will be uploaded starting end of June 2020.
COVID-19 ADVISORY | RESUMPTION OF HEAD OFFICE OPERATIONS: Please be advised that our head office at Makati City is now operational with a skeleton workforce.
COVID-19 ADVISORY | DAVAO CITY OFFICE NOW FULL OPERATIONAL: Our Davao City office is now operating on its regular schedule.
COVID-19 ADVISORY | RESUMPTION OF CONSTRUCTION: All DMCI Homes construction sites have already resumed work.
COVID-19 ADVISORY | GENERAL COMMUNITY GUIDELINES: To all our community residents, kindly check your respective community Facebook groups for more details.
COVID-19 ADVISORY | ACACIA TOWN CENTER: To our valued residents in Acacia Estates, please be informed that the Town Center will be closed with the exception of groceries, drug stores, and water stations which will remain open.
COVID-19 ADVISORY | DISSEMINATING INFORMATION: Let us be vigilant to keep our communities safe. Misinformation can only bring unsolicited panic within and outside our respective communities.
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