Filinvest Land starts P9 billion bond offer

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May 21, 2026 | 12:00am

MANILA, Philippines —  Filinvest Land Inc. (FLI) has commenced with the offering of the third tranche of its P35 billion shelf registered bonds.

The offer period of the company’s 3.5-year peso fixed rate bonds runs from May 20 to May 26, but may close earlier at the discretion of the issuer.

The bonds will carry a coupon rate of 7.3993 percent gross per annum.

The settlement date is targeted on May 29, with the issue date eyed on June 2.

FLI filed its registration statement with the Securities and Exchange Commission (SEC) in March for the offer and sale to the public of up to P9 billion worth of fixed-rate peso-denominated retail bonds, with an oversubscription option of up to P2.6 billion.

FLI, in a stock exchange filing on Tuesday, said it received from the SEC the certificate of permit to offer securities for sale for its 3.5-year fixed-rate bonds.

The issuance is the third tranche of FLI’s P35-billion shelf-registered bonds.

The company raised P11.4 billion from the first tranche in December 2023 and P12 billion from the second tranche in March 2025.

BDO Capital and 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 Security Bank Capital Investment Corp. are the joint lead underwriters and bookrunners. At the same time, BPI Asset Management and Trust Corp. serves as trustee.

FLI is one of the country’s most diversified real estate developers with a nationwide portfolio of more than 280 projects.

The company develops residential communities, mid- and high-rise condominiums, lifestyle retail, Grade A offices, mixed-use estates and industrial parks.