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Manila Bulletin devider Business devider The Stock Market devider Filinvest Land raises ₱9 billion from oversubscribed bond sale

Filinvest Land raises ₱9 billion from oversubscribed bond sale

Published Jun 3, 2026 08:56 am

Filinvest Land Inc. (FLI), one of the Gotianun Group’s property development arms, has successfully raised ₱9 billion through its latest retail bond issuance, which was three times oversubscribed.

The firm said in a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, June 3, that this reflects strong investor confidence in the company’s financial strength, long-term strategy, and growth outlook.

The offering also marks the successful completion of the third tranche of FLI’s ₱35-billion bond shelf-registration program. The 3.5-year peso fixed-rate retail bonds were officially listed on Philippine Dealing & Exchange Corp. (PDEx) last Tuesday, June 2.

Proceeds from the issuance will be used to refinance maturing debt that supported the company’s capital expenditure (capex) initiatives across its residential and commercial businesses.

“The strong response to our bond offering reflects the continued confidence of the investing public in Filinvest Land’s long-term direction and fundamentals,” said FLI President and Chief Executive Officer (CEO) Tristan Las Marias.

He added, “We are grateful for the trust of our investors as we continue to pursue disciplined growth and create long-term value for our stakeholders.”

The successful fundraising comes as FLI continues to build momentum in 2026. In the first quarter of the year, the company posted healthy reservation sales growth despite broader industry headwinds.

Its recurring income businesses—including malls, offices, and industrial developments—likewise continued to provide stability and long-term growth support.

Further underscoring investor confidence, the bonds received a PRS Aaa rating from Philippine Rating Services Corp. (PhilRatings), the highest possible credit rating, reflecting FLI’s strong fundamentals, diversified portfolio, resilient profitability, and healthy liquidity position.

BDO Capital & Investment Corp., BPI Capital Corp., China Bank Capital Corp., East West Banking Corp. (EastWest Bank), First Metro Investment Corp. (FMIC), Land Bank of the Philippines (Landbank), RCBC Capital Corp., and SB Capital Investment Corp. served as the issuance’s joint lead managers and underwriters.

BPI Asset Management and Trust Corp. acted as trustee for the issuance. - James A. Loyola

Related Tags

Filinvest Land Inc. Tristan Las Marias Philippine Rating Services Corporation
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