Filinvest Land Inc., the listed property development arm of the Gotianun Group, said Monday its executive committee has approved the issuance of up to P12.0 billion in peso-denominated fixed-rate bonds, with a maturity period of up to 10 years.
The bond issue is the second tranche of Filinvest Land’s P35.0 billion shelf-registered bond program, which was earlier approved by the Securities and Exchange Commission.
The decision to move forward with the issuance is part of the list company’s strategy to raise capital for its ongoing developments and strategic initiatives. As the company evaluates the best approach to the offering, management will consider key factors such as market conditions and timing to ensure optimal results.
The first tranche of the P35.0 billion bond program was successfully issued in 2022, with strong demand and favorable terms. With the new tranche, Filinvest Land aims to continue tapping the local debt market to support its expansion plans, which include residential, commercial, and mixed-use developments.
The bond offerings are part of its broader capital raising efforts, which aim to strengthen its balance sheet and fund its long-term growth initiatives. The company’s ability to access capital at competitive rates further underscores its financial stability and strong investor confidence in its future prospects.
