FLI to raise P10B

    Filinvest Land Inc. plans to raise P10 billion through a bond sale that will be sourced from its P30 billion shelf-registered bond in 2020.

    The company said the bond sale will be divided into an initial P8 billion and another P2 billion covering the oversubscription option, carrying a tenor of “four years and up to six years.”

    The company issued the first tranche of the bond, worth P8.1 billion, in November last year.

    The second tranche of the bonds shall be listed with the Philippine Dealing and Exchange Corp.