Filinvest Land Inc. (FLI) has received regulatory approval for a bond offering worth up to P11.56 billion to fund its expansion.
The Securities and Exchange Commission (SEC) issued a permit for the sale of 3.5-year fixed-rate bonds with a base amount of P9 billion, FLI said in a disclosure to the stock exchange. An oversubscription option of up to P2.569 billion could bring the total proceeds to P11.56 billion.
The issuance represents the third tranche of FLI’s P35-billion bond shelf registration program, which the regulator approved in 2025. The company previously raised P11.4 billion in December 2023 and P12 billion in March 2025 under the same program.
FLI appointed BDO Capital & Investment Corp., BPI Capital Corp., China Bank Capital Corp., East West Banking Corp., First Metro Investment Corp., Land Bank of the Philippines, RCBC Capital Corp. and Security Bank Capital Investment Corp. as joint lead underwriters and book runners for the offer.
In a separate disclosure, FLI announced it fully settled P1.746 million worth of fixed-rate bonds that matured on May 18, 2026.
“The bonds which were issued by the company on November 18, 2020 matured on May 18, 2026, and were paid in full on the same day, through the company’s paying agent, the Philippine Depository & Trust Corp.,” FLI said.
