Filinvest REIT Corp., the real estate investment trust company of Filinvest Land Inc., said Tuesday it redeemed P6 billion worth of bonds.
FILREIT said in a disclosure to the stock exchange it completed the payment on Jan. 9 of five-year P6-billion bonds which matured on Jan.7.
“The bonds were paid in full the following business day, Jan. 9, 2023, through the company’s paying agent, the Philippine Depository & Trust Corp.,” FILREIT said.
The bonds were issued in July 2017 and had a coupon rate of 5.0496 percent per annum.
The proceeds from the bond offering were used to finance the construction and operation of five office buildings in Filinvest City Alabang and Cyberzone in Cebu City.
FILREIT’s portfolio consists of 17 Grade A office buildings with over 300,000 square meters of gross leasable area valued by an independent appraisal company at P48.5 billion. Jenniffer B. Austria
