Filinvest Land Inc., the listed property development arm of the Gotianun Group, has sought the approval of the Securities and Exchange Commission for its public offer of up to P9 billion worth of fixed-rate, peso-denominated retail bonds.
The retail bond offer includes an oversubscription option of up to P3 billion, allowing for greater flexibility in meeting investor demand.
Filinvest Land will issue the retail bonds in three subseries: 5-year bonds maturing in 2030, 7-year bonds maturing in 2032, and 10-year bonds maturing in 2035.
The move marks an important step in Filinvest Land’s strategy to diversify its funding sources and support its ongoing development projects. The retail bonds are aimed at both institutional and retail investors, offering an opportunity to participate in the company’s growth while providing competitive returns in a low-interest-rate environment.
Filinvest Land, a key player in the Philippine real estate sector, plans to use the proceeds to fund its various residential, commercial, and mixed-use developments across the country. The bond offering is expected to enhance the company’s liquidity and financial flexibility as it continues to expand its portfolio.
The filing with the SEC signals Filinvest Land’s confidence in its financial health and its commitment to offering attractive investment options to the public.
