Filinvest Land, Inc. told the Philippine Stock Exchange on Thursday it has secured shelf registration for P35 billion worth of peso-denominated fixed-rate bonds.
The property development arm of the Gotianun Group said the Securities and Exchange Commission has licensed the company to offer for sale the first tranche of P10 billion, with an oversubscription option of up to P2 billion.
The peso-denominated fixed-rate bonds has a maturity period of 3.5 years, with interest rate of 6.9829 percent per annum. Filinvest Land has mandated as joint lead underwriters BDO Capital and Investment Corp., BPI Capital Corp., China Bank Capital Corp., East West Banking Corp., First Metro Investment Corp., PNB Capital and Investment Corp., RCBC Capital Corp. and SB Capital Investment Corp.
Rizal Commercial Banking Corp.–Trust and Investment Group is designated as trustee.
