Residential developer NEXTASIA Land Inc. has secured a ₱300-million unsecured corporate note facility from institutional investors, marking its first foray into the domestic debt capital market as it seeks to fund expansion and strengthen its financing options.
The company said proceeds from the issuance will be used to finance ongoing residential developments and acquire additional land in its priority growth areas across CALABARZON, where demand for affordable housing continues to expand.
The transaction represents a shift in NEXTASIA’s capital-raising strategy by adding debt capital markets as a funding source alongside traditional financing channels. According to the company, the unsecured corporate note provides greater financial flexibility as it pursues future expansion.
NEXTASIA Chairman and Chief Executive Officer Crispin Y. Carreon said the issuance was structured not merely to maximize the amount raised but to establish the company’s presence in the local debt market. He added that the financing strengthens the company’s capital structure while providing flexibility for future growth.
The affordable housing developer said the successful placement also reflects investor confidence in its operating performance, financial management, and long-term expansion strategy.
BPI Capital Corporation served as the sole arranger and bookrunner for the transaction, while BPI Asset Management and Trust Corporation will act as facility agent and paying agent for the corporate notes.
NEXTASIA develops residential communities primarily in CALABARZON and focuses on the affordable housing segment, positioning itself to benefit from sustained demand for value-oriented residential developments in Southern Luzon. | NEXTASIA Land Inc.
