Filinvest Land raises P11.4B from bonds

By Brix Lelis

Dec 02, 2023 12:18 am

GOTIANUN-LED property developer Filinvest Land Inc. (FLI) on Friday said it had successfully closed a 3.5-year Philippine peso-denominated fixed-rate retail bond issuance, raising about P11.43 billion.

Proceeds of the bonds, which formed the first tranche of the company's P35-billion shelf registration, will be used to finance its capital expenditure program and repay existing due debts, FLI said in a disclosure.

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