CYBERZONE Properties, Inc., (CPI)

CYBERZONE Properties, Inc., (CPI) a completely-owned subsidiary of belongings developer Filinvest Land, Inc., stated on Friday its P5-billion fixed-rate retail peso bond offer changed into oversubscribed through 2.Sixty five times.

Strong demand from investors induced the corporation to tap its authorized oversubscription allotment of P1 billion.

“The proceeds from this bond problem will be used to finance CPI’s competitive construct-up program regarding the construction and operation of five additional homes in Northgate Cyberzone in Filinvest City, Alabang, and 3 new towers in Cyberzone Cebu in Lahug, Cebu City,” CPI President Joseph Yap stated in a disclosure to the Philippine Stock Exchange.

CPI owns and operates office buildings which cater particularly to era-based totally groups, which include those engaged in the commercial enterprise process outsourcing (BPO) enterprise and understanding method outsourcing (KPO).

“We remain positive approximately the BPO enterprise and the general office leasing market,” Yap said.

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