FLI plans PHP 8-billion bond issue

18 Jun

Filinvest Land (FLI) is returning to the debt market this year to raise as much as PHP 8 billion to refinance debt and partly fund capex requirements.

The company would offer PHP 5 billion worth of unsecured fixed-rate retail bonds with an oversubscription option of up to PHP 3 billion.

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Net proceeds of as much as PHP 7.91 billion from the sale of 7- and 10-year bonds due 2022 and 2025, respectively, will be used to refinance liabilities and bankroll the development of its residential, commercial and office leasing projects.

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Posted by on June 18, 2015 in Corporate News, FLI, Stock Market


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