MANILA, Dec. 4 (PNA) — Filinvest Land Inc., the property development unit of the Gotianun family, successfully raised Php7 billion from the issuance of unsecured fixed-rate peso retail bonds.
“The bonds were fully subscribed as of the end of the offer period. FLI exercised the over-subscription option,” the company told the local bourse.
Filinvest said it issued Php5.3 billion with a coupon rate of 5.4 percent per annum due in 2021, and Php1.7 billion with a coupon rate of 5.6389 percent per annum due in 2024.
The offer period ended on Nov. 27.
The bonds were issued on Thursday and simultaneously listed with the Philippine Dealing and Exchange Corporation (PDEx). (PNA)