Filinvest Land raises P9 billion from bond offer

GOTIANUN-LED Filinvest Land, Inc. (FLI) raised P9 billion from the third tranche of its P35-billion shelf-registered bond program to help finance expansion projects.

In a stock exchange filing on Tuesday, the company said it completed the issuance of Series E three-year bonds due in 2029.

The bonds, which carry a fixed annual interest rate of 7.3993%, were listed on the Philippine Dealing & Exchange Corp. on June 2.

The issuance marks the third tranche of FLI’s shelf-registered bond program, following a P11.4-billion tranche issued in 2023 and a P12-billion tranche completed in March 2025.

Previous issuances were used to fund the company’s retail and industrial expansion projects.

In earlier disclosures, FLI said proceeds from the retail bond offer would support its expansion initiatives.

FLI tapped 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 SB Capital & Investment Corp. as joint lead underwriters and bookrunners for the transaction.

BPI Asset Management and Trust Corp. served as trustee for the issuance.

Filinvest Land’s portfolio includes residential developments, office towers, townships, mixed-use projects, malls and leisure developments.

Its shares rose 1.43% to P0.71 each on the local bourse. — AGCM