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MANILA, Philippines – Filinvest Land Inc. (FLI) has raised P9 billion from a fresh bond offering, providing additional funding as it continues to tap the domestic debt market for capital.
The Gotianun-led property developer said it successfully issued P9 billion worth of Series E fixed-rate bonds due 2029, carrying an annual interest rate of 7.3993 percent.
The bonds were listed on the Philippine Dealing & Exchange Corp. on June 2.
The latest fundraising forms part of the company’s P35-billion shelf-registered bond program approved by regulators in 2023.
