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Filinvest Land gets SEC OK for P12-B bond offer

GOTIANUN-LED property developer Filinvest Land, Inc. (FLI) has received Securities and Exchange Commission (SEC) approval to issue up to P12 billion in fixed-rate bonds.

In a disclosure, FLI said it received on Tuesday the SEC certificate to offer P9 billion in securities with an oversubscription option of up to P3 billion, to be issued in three subseries of five-year, seven-year and 10-year bonds due in 2030, 2032 and 2035.