Tag: Filinvest Land
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Filinvest Land to tap bond market anew
Filinvest Land Inc. (FLI) is returning to the debt market, with its board approving the issuance of the third tranche of retail bonds under its P35-billion shelf registration program with the Securities and Exchange Commission.
Filinvest closes unit, keeps Mimosa momentum
Filinvest Land, Inc. (FLI) is streamlining its corporate structure with the closure of its wholly owned subsidiary, Filinvest Lifemalls Mimosa Inc. (FLMI), a move the company says sharpens operational focus without disrupting ongoing developments.
Residential sales, leasing gains lift Filinvest Land 1Q earnings
Filinvest Land Inc., the listed property development arm of the Gotianun Group, posted a 3 percent increase in first-quarter net income to P905 million, driven by stronger residential sales, higher leasing revenues, and improved cost efficiency.
Filinvest Land raises P12B from bond issue; bonds listed on PDEx
Filinvest Land Inc., the listed property development arm of the Gotianun Group, has successfully tapped the bond market and raised P12 billion to fund capital expenditures and refinance debt. FLI issued 5-, 7- and 10-year peso fixed-rate retail bonds, which are PRS Aaa-rated by the Philippine Rating Services Corp. for their outstanding quality and minimum risk. The bonds were listed on the Philippine Dealing and Exchange Corp. (PDEx). This is the second tranche of FLI’s 2023 bond shelf-registration.
