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Filinvest readies P32-B bond offering

FILINVEST Development Corp. (FDC) said on Tuesday that it had filed a registration statement with the Securities and Exchange Commission (SEC) for the offering of P32 billion in peso-denominated fixed-rate bonds.

Under its preliminary prospectus, FDC said the bonds would be issued in one or more tranches following approval by the company's board of directors earlier this month.