PROPERTY developer Filinvest Land, Inc. (FLI) has filed a registration statement with the Securities and Exchange Commission (SEC) for a proposed public offer of up to P9 billion in fixed-rate peso-denominated retail bonds with an oversubscription option of up to P2.57 billion.
The total offering could reach P11.57 billion should the oversubscription option be fully exercised, Filinvest said in a disclosure on Monday.
The company said the registration statement was filed electronically with the SEC on March 13 and noted that the proposed offering would consist of three subseries: 3.5-year bonds due in 2029, five-year bonds due in 2031, and 10-year bonds due in 2036.
This latest issuance would be the third tranche of the company’s P35-billion shelf-registered fixed-rate peso-denominated bond program, which was approved by the SEC in October 2023.
The final offer size, interest rates, and timetable for the bond issuance have yet to be disclosed and remain subject to regulatory approval.
Filinvest Land shares fell P0.01, or 1.30 percent, to close at P0.76 each on Monday amid a 0.87 percent drop for the benchmark Philippine Stock Exchange index.
