Filinvest Development Corp., the holding firm of the Gotianun group, on Tuesday said it filed before the Securities and Exchange Commission (SEC) a petition for the shelf registration of peso-denominated fixed rate bonds of up to P32 billion.
FDC said it will immediately issue P10 billion as initial tranche of the bond program worth an aggregate of up to P7 billion with an oversubscription option of up to P3 billion.
Each tranche will be rated by Philippine Rating Services Corp., offered to the public at face value through the joint lead underwriters and book runners with the Philippine Depository and Trust Corp. as registrar.
The bonds shall be issued in scripless form, with PDTC maintaining the registry of bondholders, and listed on the Philippine Dealing and Exchange Corp. in minimum denominations of P50,000 and in multiples of P10,000 thereafter. The offer bonds will also be traded in denominations of P10,000 in the secondary market.
BDO Capital and Investment Corp., BPI Capital Corp., China Bank Capital Corp., East West Banking Corp., First Metro Investment Corp., RCBC Capital Corp. and SB Capital Investment Corp. have been appointed as joint lead underwriters and book runners.
