Connect with us

Hi, what are you looking for?


SEC approves Filinvest Land’s P11.9-billion bond offering

FILINVEST Land, Inc. announced on Thursday that the Securities and Exchange Commission (SEC) approved its plan to offer up to P11.9-billion fixed-rate bonds.

The real estate developer is set to offer P8-billion worth of peso-denominated fixed-rate bonds with an oversubscription option of up to P3.9 billion for a maximum aggregate amount of P11.9 billion.

The offering consists of three-year bonds due 2025 with an interest rate of 5.3455% and five-year bonds due 2027 with an interest rate of 6.4146% per annum.

The latest bond issuance will also be the third and last tranche out of its P30-billion bonds registered in 2020 under the shelf-registered program of the SEC.

The first tranche was issued on Nov. 18, 2020 in the amount of P8.1 billion and the second tranche on Dec. 21, 2021 worth P10 billion.

The firm tapped BDO Capital & Investment Corp., BPI Capital Corp., China Bank Capital Corp., East West Banking Corp., First Metro Investment Corp., RCBC Capital Corp. and SB Capital Investment Corp. as the joint lead underwriters and bookrunners to manage the public offer and issuance. China Bank Trust and Management Group will serve as the trustee.

Filinvest Land has residential developments across 55 cities and towns in 22 provinces in the Philippines. Its business segments are divided between real estate and leasing.

Its wholly owned subsidiaries include Filinvest AII Philippines, Inc.; Homepro Realty Marketing, Inc.; FCGC Corp.; Gintong Parisukat Realty and Development, Inc.; Cyberzone Properties, Inc.; Filinvest Cyberparks, Inc.; Filinvest Cyberzone Mimosa, Inc.; Filinvest Lifemalls Corp.; Festival Supermall, Inc.; Property Specialist Resources, Inc.; ProOffice Works Services, Inc.; and Property Leaders International Ltd.

In the first quarter, Filinvest Land reported that its net income attributable to equity holders dipped by 8% to P677.77 million. Gross revenues likewise went down by 0.5% to P4.14 billion.

At the stock exchange on Thursday, Filinvest Land shares went up by 1.08% or one centavo to close at P0.94 each. — Luisa Maria Jacinta C. Jocson

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



THOUSANDS of supporters of President Ferdinand “Bongbong” R. Marcos, Jr. are unfazed by the rain during a free concert held in Manila on the...


PRESIDENT Ferdinand “Bongbong” R. Marcos, Jr. receives Chinese Ambassador to the Philippines Huang Xilian at his campaign headquarters in Mandaluyong City on May 12,...


PRESIDENT Ferdinand R. Marcos, Jr. has yet to name his health chief despite the continuing increase in coronavirus infections and the waning immunity among...


A MODERN jeepney on the road in Iloilo City in this December 2019 photo. — BW FILE PHOTO ILOILO City Mayor Jerry P. Treñas...


BW FILE PHOTO THE DAVAO City government is pursuing plans to develop industrial parks with two potential sites, one each in the northern and...


INDAY SARA DUTERTE FACEBOOK PAGE VICE President Sara Duterte-Carpio’s office has opened satellite offices in six areas across the Philippines to make its services...

You May Also Like


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Financial Advisors

The healthcare ecosystem is one that has thrived on the cusp of scientific progress, benefitting enormously from the winds of change in the technological...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.