Filinvest Land Inc., the listed property arm Gotianun Group, said it recently completed the full repayment of its P1.7 billion, 10-year fixed-rate bonds.
The bonds, originally issued on 4 December 2014, marked the end of a decade-long financial commitment.
The full payment was made on the maturity date through Filinvest Land’s paying agent, the Philippine Depository & Trust Corp. The bond issuance, which had a fixed interest rate, was part of Filinvest Land’s capital management strategy to fund its expansion projects and other business needs during the last decade.
This bond redemption demonstrates the company’s strong financial position and ability to meet its obligations. Over the years, Filinvest Land has grown into one of the leading real estate developers in the Philippines, known for its residential, office, retail, and mixed-use developments.
As the company continues to expand its portfolio and operations, the successful repayment of its bonds highlights Filinvest Land’s commitment to maintaining investor confidence and ensuring long-term financial stability.
