Filinvest Development Corporation Successfully Raises Php 8.0 Billion from its Maiden Preferred Shares Offering

​Filinvest Development Corporation (PSE: FDC), one of the Philippines’ leading diversified conglomerates, successfully raised P8.0 billion from its maiden preferred shares offering (the “Offer”). The preferred shares were listed today on the Main Board of the Philippine Stock Exchange (“PSE”) under the trading symbols “FDCPA” for the Series A preferred shares (the “Series A Preferred Shares”) and “FDCPB” for the Series B preferred shares (the “Series A Preferred Shares”).

​The Series A Preferred Shares and the Series B Preferred Shares were publicly offered from July 21 to July 31, 2025, and received overwhelming support from both institutional and retail investors, signaling strong market confidence in FDC’s long-term growth strategy and financial strength. As a result, the Offer was 1.66 times oversubscribed on the base offer of P6.0 billion, allowing the full exercise of the oversubscription option to raise a total of P8.0 billion.

“Our successful maiden preferred shares issuance marks a historic milestone in our corporate history and demonstrates investor confidence in FDC’s vision and our commitment to sustainable growth. We are very thankful for the exceptional support that we received from our investors, and we are excited to continue building on our momentum and delivering long-term value to our stakeholders,” said Rhoda A. Huang, President and CEO of FDC.

The Series A Preferred Shares and Series B Preferred Shares carry an initial dividend rate of 6.6253% per annum and 7.1087% per annum, respectively. The proceeds from the Offer will be utilized to refinance existing obligations and support key growth initiatives that are aligned with FDC’s long-term strategy. These initiatives are focused on unlocking greater value across the company’s core businesses such as residential real estate, consumer banking, hospitality, and power generation.

The Philippine Rating Services Corporation (PhilRatings) assigned an Issuer Credit Rating of PRS Aaa (corp.), with a Stable Outlook, to FDC in relation to the company’s maiden preferred shares offering. The PRS Aaa (corp.) rating is the highest Issuer Credit Rating awarded by PhilRatings, reflecting FDC’s very strong capacity to meet its financial commitments relative to other Philippine corporates.

BPI Capital Corporation acted as the Sole Issue Manager for the Offer, and together with BDO Capital & Investment Corporation, China Bank Capital Corporation, Land Bank of the Philippines, and Security Bank Capital Investment Corporation were the Joint Lead Underwriters and Bookrunners.

Filinvest Development Corp. (FDC) is one of the leading and diversified conglomerates in the Philippines. Through its diverse businesses, FDC has established a strong reputation as a dependable partner in economic development. FDC currently has strategic holdings in key industries such as real estate development and leasing (Filinvest Land Inc. & Filinvest Alabang Inc.), banking and financial services (EastWest Bank), hotel and resort management (Filinvest Hospitality Corp.), power generation (FDC Utilities Inc.), and sugar (Pacific Sugar Holdings Corp.).

FDC aims to grow this legacy of success by continuing to strengthen its position in the industries where it competes and embarking on new endeavors that will bolster its role in nation building.