February 17, 2020
As part of the company’s efforts of promoting environmental protection and...
May 26, 2015
(The Philippine Star) | Updated May 26, 2015 - 12:00am
MANILA, Philippines - Diversified engineering conglomerate DMCI Holdings Inc. of the Consunji family is looking to raise P1 billion this year through the issuance of fixed rate retail bonds to finance projects of its real estate subsidiary.
In a disclosure to the Philippine Stock Exchange, DMCI said its wholly-owned real estate unit, DMCI Project Developers Inc., filed an application to the Securities and Exchange Commission for the registration of fixed rate retail bonds amounting to P1 billion.
“Proceeds of the offer will be used by the company for working capital and other general corporate purposes,” the Consunji-led company said.
DMCI said it intends to issue the bonds in tranches, with the initial offer estimated to be worth P500,000.
DMCI’s real estate arm is preparing to spend as much as P12 billion this year as the company seeks to grow its profits by over a tenth by the end of the year.
The company said it is allocating P5 billion this year solely for land acquisition while development cost for the year is expected to reach P6 to P7 billion.
DMCI Homes intends to launch five projects this year that will add 3,155 units to its existing 40 completed projects consisting of 28,854 units.
The projects launched and to be launched this year include Ivorywood and Maple Place in Taguig, Bristle Ridge in Baguio, Valencia Residences in Mandaluyong and Lumiere Residences North in Pasig.
By end 2015, the Consunji’s property unit eyes to hike its 2014 net income of P3.2 billion by 11 percent to P3.6 billion.
Leave us a message and we will get back to you as soon as possible.
Personal, sensitive and privileged information that you provide shall be used for transactions related to the sale of the Company’s products and all matters arising out of the said transaction.
All information collected by the Company shall be considered accurate unless the Client/Potential Client requests for update. It shall never be the responsibility of the Company to ensure validity/accuracy of information shared by the Client/Potential Client.
Under the Data Privacy Act of 2012, you have the right to access, modify, erase and/or object to any processing of personal, sensitive or privileged data that you have provided to us. To do so, kindly contact our Data Protection Officer with the following information:
The Company will not impose any charge to cover the cost of verifying a request for information and locating, retrieving, reviewing and copying any material requested.
Please note, however, that the Company’s decision to provide such access or consider any request for correction, erasure and objection to process of the personal data as it appears in our records is subject to any exceptions under applicable laws, rules and regulations and/or the Act.
We have implemented technological, organizational and physical security measures to protect your information from loss, misuse, modification, unauthorized or accidental access or disclosure, alteration or destruction. We put in effect safeguards such as:
Keeping and protecting your information using a secured server behind a firewall, deploying encryption on computing devices and physical security controls
Restricting access to your information only to qualified and authorized personnel who hold your information with strict confidentiality including third-party personnel/company who may be required to process your information.
The data will be kept within 10 years from date of last engagement (e.g. release of transferred title, release of documents related to back-out) or as may be required by existing laws, rules and regulations, unless you request your data to be deleted in our systems, databases and hard copies earlier than this date, subject to limitation of applicable laws and/or the Act. Once deleted, your information will no longer be searchable or included in anonymous searches and will be completely removed from all the storage location.
By agreeing to this policy, you explicitly and unambiguously consent to the collection, processing and storage of your personal, sensitive and privileged data by DMCI Project Developers, Inc. for the purpose(s) described in this Data Privacy Notice.
You can drag the map pin to change your location.
A company representative will be in touch with you shortly.OK