Filinvest Land, Inc. (FLI) received from the Securities and Exchange Commission (SEC) the Certificate of Permit to Offer Securities for Nine Billion Pesos (P9,000,000,000.00) with an Over-subscription Option of up to Three Billion Pesos (P3,000,000,000.00) worth of Peso Denominated Fixed Rate Bonds for a maximum aggregate total of Twelve Billion Pesos (P12,000,000,000.00), consisting of 5-year Bonds Due 2030 with an interest rate of 6.2916%, 7-year Bonds Due 2032 with an interest rate of 6.6550%, and 10-year Bonds Due 2035 with an interest rate of 6.8312% per annum (the “Second Tranche Bonds”). This latest bond issuance will be the second tranche out of its P35,000,000,000.00 bonds registered in 2023 under the shelf-registered program of the Securities and Exchange Commission (the “Shelf Registered Bonds”). The Company issued the first tranche of the Shelf Registered Bonds on December 1, 2023 in the aggregate amount of Php11.4 Billion.
The Company mandated BDO Capital and Investment Corporation, BPI Capital Corporation, China Bank Capital Corporation, East West Banking Corporation, First Metro Investment Corporation, Land Bank of the Philippines, RCBC Capital Corporation and SB Capital Investment Corporation (collectively, the “Joint Lead Underwriters and Bookrunners”) to manage this public offer and issuance. Metropolitan Bank & Trust Company – Trust Banking Group shall serve as the Trustee. Filinvest Land, Inc. (FLI), a subsidiary of Filinvest Development Corporation (FDC), is one of the country’s leading and multi awarded full-range property developers. It is listed on the Philippine Stock Exchange under the trading symbol PSE: FLI. Staying true to its mission, FLI continues to build the Filipino dream across the Philippines. For years, FLI has built a diverse project portfolio spanning the archipelago, from its core best-value homes, to townships, mixed-use developments, mid-rise and high-rise condominiums, office buildings, shopping centers, and leisure developments. These include the large-scale townscapes: Havila (300 hectares), Timberland Heights (677 hectares), and Manna East (60 hectares) in Rizal; Ciudad de Calamba (335 hectares) in Laguna; Palm Estates (51 hectares) in Talisay City, Negros Occidental; and City di Mare (58 hectares) in Cebu City. FLI owns 20% of Filinvest Alabang, Inc., developer of Filinvest City (244 hectares), South Metro Manila’s premier garden central business district and home to Festival Mall, Filinvest’s flagship mall in Alabang. FLI is also developing two townships in the Clark Freeport Special Economic Zone: Filinvest New Clark City (288 hectares) and Filinvest Mimosa+ Leisure City (201 hectares), the latter in partnership with FDC.
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