Filinvest Land to launch P12-B bond offer, gets support of top PH banks

The Gotianun family’s Filinvest Land Inc. (FLI) is set to launch its second tranche of peso-denominated retail bonds worth up to P9 billion, with an additional P3 billion oversubscription option, under its P35-billion bond program.

The bonds will be offered in three tenors: five years (due 2030), seven years (due 2032), and 10 years (due 2035), FLI said in a stock exchange filing on Thursday. 

This issuance follows FLI’s initial tranche and is in step with its strategy to tap the debt market for growth and expansion. 

Leading banks, including BDO Capital & Investment Corp., BPI Capital Corp., China Bank Capital Corp., East West Banking Corp., First Metro Investment Corp., Land Bank of the Philippines, RCBC Capital Corp., and Security Bank Capital Investment Corp., have been mandated to handle the offer. 

Metropolitan Bank & Trust Co. will act as the trustee.

The bonds will be listed on the Philippine Dealing & Exchange Corp. (PDEx), the developer said.