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Category Archives: FLI

FLI plans PHP 8-billion bond issue

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

 

FLI Profit Up 16.0% to PHP 4.6 Billion

BY ANGPING & ASSOCIATES SECURITIES

Filinvest Land Inc. (FLI) jumped 16.0% to PHP 4.6 billion last year behind strong revenues from its residential and office operations. Consolidated revenues surged 22.0% year-on-year to a record PHP 16.9 billion in 2014.

The company PHP 13.2 billion in revenues from its residential projects, 26.0% more than the PHP 10.5 billion the previous year.

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FLI is also on track with its plans to triple its recurring income portfolio by 2019 to about 970,000 sqm.

For 2015, we are adding around 67,506 square meters of office space and 85,034 square meters of retail space to our portfolio.

 
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Posted by on March 13, 2015 in Corporate News, FLI, Stock Market