Filinvest Land Completes PHP9 Billion Bond Offering
Filinvest Land (PSE:FLI) completed the listing of 9 billion Philippine pesos in retail bonds on the Philippine Dealing and Exchange on Tuesday.The 3.5-year offering, which was oversubscribed by three times, marks the company's third tranche under its 35 billion pesos shelf-registration program, according to a Wednesday Philippine Exchange filing.Proceeds will be used to refinance maturing debt, which previously funded construction projects for its housing and commercial properties, it said.