This marks the second tranche of its P35-billion shelf-registered bond program approved by the Securities and Exchange Commission.
The company’s executive committee has authorized management to assess all aspects of the proposed bond offering, including its timing.
Last December, FLI returned to the local debt market with the issuance and listing of its P11.43 billion fixed-rate bonds. The bonds, offering a competitive annual coupon rate of 6.9829 percent, will pay interest quarterly.
