Filinvest Land to issue ₱11.57-B bonds to refinance debt, fund capex

Property developer Filinvest Land Inc. (FLI), led by the Gotianun family, on Monday announced it will issue P11.57 billion in fixed-rate, peso-denominated bonds to refinance existing debt and support capital expenditures for priority projects.

In a regulatory filing, FLI said the issuance — the third tranche of its P35-billion shelf registration program — will help fund residential developments focused on mid-market and horizontal communities in key provincial corridors.

Projects include walk-up condominiums in San Rafael, Bulacan, and Leganes, Iloilo, as well as the expansion of The Glens in San Pedro, Laguna, and Sandia Homes in Tanauan, Batangas.

Proceeds will also be used for asset enhancements and expansions, particularly in the company’s regional malls.

"This bond issuance allows us to further strengthen our capital structure while funding projects that directly support our growth priorities," FLI president and CEO Tristan Las Marias said.

"We remain focused on disciplined expansion, operational efficiency, and delivering long-term value to our stakeholders," he added.

FLI operates two main business segments: real estate, which covers socialized, affordable, middle-income, and high-end housing; and leasing, which includes retail and office properties.

Its subsidiaries include Filinvest All Philippines Inc., FCGC Corporation, Gintong Parisukat Realty and Development Inc., Homepro Realty Marketing Inc., SJR Developers Inc., Filinvest Cyberparks Inc., Festival Supermarket Inc., and Filinvest Lifemalls Corp., among others.—MCG, GMA Integrated News