The offer period is set from July 21 to 31, 2025, with shares priced at P1,000 each, its preliminary prospectus dated July 14, 2025 showed.
Dividend rate to be set July 16
The issuance covers up to 8 million cumulative, non-voting, non-participating, and non-convertible preferred shares, divided into Series A and Series B, each with fixed dividend rates to be set by July 16.
Shares will be listed on the PSE on August 8 this year.
BPI Capital Corp. is serving as the sole issue manager, while BDO Capital, Chinabank Capital, Landbank, and Security Bank Capital act as joint lead underwriters and bookrunners. Net proceeds are expected to reach P7.33 billion after fees and costs.
Proceeds to settle debts, bankroll expansion
FDC, whose assets span banking, real estate, power, infrastructure and sugar, plans to use P5.05 billion to refinance loans from EastWest Bank and China Bank, and P1.88 billion for capital expenditure and general corporate purposes.
The company will also cover recurring fees tied to the issuance, including payments to the stock transfer agent.
The funds will be disbursed over 12 to 18 months to support FDC’s growth strategy in infrastructure, digital transformation, and investment in key subsidiaries.
—Edited by Miguel R. Camus
