RSS

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.

See all awesome STOCK REPORTS in PinoyInvestor! (size 468x80)
Be a smart stock investor. Get Fundamental and Technical Analyses from PinoyInvestor!

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.

Advertisements
 
Leave a comment

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

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: