Filinvest Land seeks SEC nod on P11.6-B fresh bond sale
Filinvest Land Inc. (FLI) has filed with regulators a registration statement for the public offer of up to P9 billion worth of fixed-rate peso-denominated retail bonds.
It also seeks an oversubscription option of up to P2.569 billion, as the company taps the capital market for fresh funding.
The Gotianun-led property developer told the exchange on Monday that the planned issuance may consist of up to three subseries of bonds, namely three-year bonds due 2029, five-year bonds due 2031 and 10-year bonds due 2036.
The filing of the registration statement with the Securities and Exchange Commission (SEC) is part of the regulatory requirements before the bonds can be offered to the investing public.
The proposed transaction will be the third tranche out of FLI’s P35-billion shelf-registered peso-denominated fixed-rate bond program, which had earlier been approved by the SEC.
Under a shelf registration program, companies are allowed to issue bonds in several tranches over a period of time once regulators grant approval.
FLI said the planned bond sale would represent the third tranche of the approved program, signaling the property developer’s continued use of the debt market to support its financing requirements.
Retail bonds are commonly offered to both institutional investors and individual buyers, providing companies with a broader funding base while allowing the public to invest in corporate debt instruments.
FLI, the property arm of the Filinvest group, develops residential communities, commercial centers and mixed-use projects across the Philippines.
The company has regularly accessed the bond market in recent years as part of its strategy to diversify funding sources and support expansion initiatives.
Further details on the bond offer—including pricing, offer period and listing timeline—are expected to be announced once the SEC completes its review of the registration statement.
