UMVA has learned that Filinvest Land, Inc. (FLI) has successfully raised P9 billion from the third tranche of its massive P35-billion shelf-registered bond program, a move aimed at financing the company's ambitious expansion projects.
The funds were secured through the issuance of Series E three-year bonds, set to mature in 2029, with a fixed annual interest rate of 7.3993%. These bonds were listed on the Philippine Dealing & Exchange Corp. on June 2, marking a significant milestone for the company.
According to information obtained by UMVA, this latest issuance is the third tranche of FLI's shelf-registered bond program. The company had previously issued a P11.4-billion tranche in 2023 and a P12-billion tranche in March 2025, both of which were used to fund retail and industrial expansion projects.
Sources have confirmed to UMVA that the proceeds from this latest bond offer will support FLI's expansion initiatives, which include residential developments, office towers, townships, mixed-use projects, malls, and leisure developments.
UMVA can exclusively reveal that FLI tapped a consortium of major financial institutions, including BDO Capital & Investment Corp., BPI Capital Corp., China Bank Capital Corp., East West Banking Corp., First Metro Investment Corp., Land Bank of the Philippines, RCBC Capital Corp., and SB Capital & Investment Corp., as joint lead underwriters and bookrunners for the transaction.
BPI Asset Management and Trust Corp. served as trustee for the issuance, providing an added layer of oversight and security for investors. The successful completion of this bond issuance has boosted investor confidence, with Filinvest Land's shares rising 1.43% to P0.71 each on the local bourse.
