Filinvest Land board OKs P11.57-B bond sale - BusinessWorld Online

Filinvest Land board OKs P11.57-B bond sale - BusinessWorld Online

FILINVEST LAND, INC.’S board has approved the issuance of as much as P11.57 billion in fixed-rate peso bonds, the third tranche under its P35-billion shelf registration program with the Securities and Exchange Commission. The bonds, with maturities of up to 10 years, will refinance existing debt and fund capital expenditures across the property developer’s residential, retail and mixed-use developments, the company said in a statement on Monday.…