Filinvest Land Inc. (FLI), the real estate arm of the Gotianun family, fully repaid P8.93 billion worth of 3-year fixed-rate retail bonds, the company announced Monday.
The bonds, issued June 23, 2022, matured on June 23, 2025.
FLI settled the full principal amount of P8.925 billion on the same day through its paying agent, the Philippine Depository & Trust Corp.
The repayment marks the successful completion of the bond obligation, underscoring the company’s financial stability and consistent commitment to honoring its debt.
FLI also has P1 billion in bonds maturing in August and P5 billion due in December.
In March, FLI raised P12 billion from the issuance of fixed-rate bonds, which represents the second tranche under its P35 billion bond shelf-registration program approved by the Securities and Exchange Commission in 2023.
The issuance included five-year bonds due in 2030, seven-year bonds due in 2032, and 10-year bonds due in 2035.
Proceeds from this offering have been earmarked for the repayment of maturing bonds and to fund capital expenditures in retail, residential, and industrial projects.
Meanwhile, FLI’s parent company, Filinvest Development Corp. (FDC), is preparing to raise as much as P8 billion in fresh capital through a planned issuance of preferred shares.
The offering aims to strengthen the group’s capital structure and support its investment strategies across key sectors.
This offering is part of FDC’s broader effort to optimize funding sources while maintaining financial flexibility, and it is subject to regulatory approvals and market conditions.
FDC has earmarked P24 billion in capital expenditures this year to expand its core businesses and support sustained growth.
Nearly half, or 47 percent, of the P24 billion capital spending will support the expansion of its real estate business.
Another 40 percent will go to expansion plans for different subsidiaries, including financial services, hotels, renewable energy, and power generation.
The remainder will go into the company’s digitalization programs and investments in shared services.
