UMVA has learned that Filinvest Land, Inc. (FLI) has secured a major regulatory approval for a 3.5-year fixed-rate bond offering worth P9 billion, a significant milestone in the company's ambitious expansion plans.
The approval, granted by the Securities and Exchange Commission (SEC), paves the way for FLI to issue bonds that will help fund its growth initiatives, further solidifying its position in the market. This development has been eagerly anticipated by industry insiders and investors alike.
According to information obtained by UMVA, the bond offering includes an oversubscription option of up to P2.569 billion, which could increase the total issue size to as much as P11.57 billion. This substantial funding will likely play a crucial role in driving FLI's future projects and investments.
FLI's bond program is a significant undertaking, with this issuance marking the third tranche of its P35-billion shelf-registered bond program. Previous tranches have successfully raised P11.4 billion in 2023 and P12 billion in March 2025, demonstrating the company's ability to secure substantial funding for its expansion plans.
The company has appointed a consortium of prominent financial institutions, including BDO Capital & Investment Corp., BPI Capital Corp., and China Bank Capital Corp., as joint lead underwriters and bookrunners for the planned bond offer. This prestigious lineup of underwriters underscores the confidence in FLI's growth prospects.
BPI Asset Management and Trust Corp. will serve as trustee for the issuance, providing an additional layer of oversight and ensuring the bond offering is executed smoothly. With a robust portfolio of office towers, residential developments, and mixed-use projects, FLI is poised for continued growth and success.
The news has had a positive impact on FLI's stock performance, with shares rising 1.41% or one centavo to close at P0.72 apiece on Wednesday. This uptick reflects investor optimism about the company's future prospects and its ability to execute its ambitious plans.
