Filinvest Land to price up to PHP 9 billion three-, 5½-year bonds

By Marisa Wong

Los Angeles, Nov. 6 – Filinvest Land, Inc. said it has registered to issue PHP 30 billion of peso-denominated fixed-rate bonds.

Filinvest will issue an initial tranche totaling PHP 6.75 billion with an over-subscription option of up to PHP 2.25 billion.

The initial tranche will consist of three-year bonds with an interest rate of 3.3353% and 5½-year bonds with a coupon of 4.1838%.

The company first proposed the bonds in August and has now obtained authorization from the Philippine Securities and Exchange Commission for the proposed issuance.

Filinvest is a Taguig City-based real estate developer.

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