PROPERTY developer Filinvest Land Inc.’s (FLI) board has approved the issuance of up to P11.57 billion in fixed-rate peso-denominated bonds representing the third tranche of a shelf registration program.
In a disclosure on Monday, Filinvest said the bonds would have a maturity of up to 10 years and be issued under the shelf registration approved by the Securities and Exchange Commission in October 2023.
The company’s executive committee was authorized by the board to evaluate all aspects of the proposed offering, including the timing of the issuance and the interest rate to be set for the bonds, the disclosure read.
The board also approved the company’s audited financial statements for the year ended Dec. 31, 2025, and reappointed SyCip Gorres Velayo & Co. as its independent external auditor for 2026.
Filinvest likewise set its 2026 annual stockholders’ meeting on April 23, at 3 p.m., to be conducted virtually.
The record date for stockholders entitled to notice, vote and participate in the meeting was set for March 4.
The board also approved key management appointments, including D’Artagnan M. Aguilar as chief marketing officer with the rank of senior vice president.
The company said Aguilar would be bringing over 30 years of experience in marketing and business leadership across real estate, banking, telecommunications and multinational agency environments.
Prior to joining Filinvest Land, he served as chief marketing officer of CIMB Bank Philippines and previously held senior roles at Bank of the Philippine Islands and Globe Telecom, among others.
Meanwhile, Heherson Ibardaloza was appointed as data protection officer.
Filinvest Land said Ibardaloza had 15 years of experience in global master data management within the global shared services industry and previously served as finance master data management manager at Dover Business Services.
Filinvest Land shares closed at P0.83 each on Monday, up by a centavo or 1.22 percent.
