FLI raises P10B bond issuance

·1 min read

Filinvest Land Inc. successfully raised P10 billion for its capital expenditure program through the issuance of four-year and six-year peso fixed-rate bonds.

The Gotianun-led property arm’s bond was more than four times oversubscribed over the base amount of P8 billion.

The bonds, which attained the highest PRS Aaa rating from the Philippine Rating Services Corp., was listed in the Philippine Dealing & Exchange Corp. on December 21, 2021.

The funding tapped from the bond market will allow the company to implement its capital expenditure program. This latest bond issuance will be the second tranche out of its P30 bonds registered in 2020 under the shelf-registered program of the Securities and Exchange Commission.

The firm issued the first tranche of the Shelf Registered Bonds on November 18, 2020 in the amount of P8.1 billion. (PR)

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