Filinvest Development Corp., one of the Philippines’ largest diversified d, has filed a registration statement with the Securities and Exchange Commission (SEC) and a listing application with the Philippine Stock Exchange (PSE) for the public offering of up to 8 million preferred shares priced at P1,000 each.
The offer includes a base tranche of 6 million preferred shares worth P6 billion, with an oversubscription option for an additional 2 million shares, potentially raising another P2 billion. The preferred shares will be issued in up to two series.
This capital-raising initiative is part of FDC’s broader strategy to engage more actively with the capital markets. Proceeds from the offering will be used to refinance existing obligations and fund long-term growth projects across its core businesses. These include real estate, banking, hospitality, power generation, and sugar.
“We are positioning Filinvest for the next phase of sustainable growth by strengthening our capital structure and enhancing financial flexibility,” said Rhoda A. Huang, FDC president and chief executive officer. She added that the offering supports deeper investments in sectors where the group holds strong competitive advantages.
FDC reported a net income of P3.6 billion in the first quarter of 2025, up 25 percent year-on-year, with all business segments showing double-digit growth.
The offer period is set for July 21 to 25, 2025, with the listing on the PSE’s Main Board expected by August 4, pending regulatory approval.
BPI Capital Corporation is the Sole Issue Manager, with BDO Capital, China Bank Capital, LandBank, and Security Bank Capital as Joint Lead Underwriters and Bookrunners.
