Filinvest Land bonds secure triple-A rating

By Brix Lelis

Sep 26, 2023 12:22 am

PROPERTY developer Filinvest Land Inc. (FLI) on Monday said that its planned bond issuance of up to P12 billion had earned the highest issue credit rating, along with a stable outlook, from Philippine Rating Services Corp. (PhilRatings).

FLI said the proposed bonds, with a principal amount of P10 billion and an oversubscription option of P2 billion, obtained an issue credit rating of PRS Aaa. The firm's total outstanding bonds of P35.4 billion were also given the same score.

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