Filinvest Development Corp. (FDC) of the Gotianun family, plans to raise as much as P10 billion early next year from a fresh offering of bonds.
In a regulatory filing, FDC stated that its executive committee has approved the issuance of peso-denominated fixed-rate bonds of up to P10 billion, inclusive of oversubscription.
The bonds have a maturity period of 2.5 years.
FDC said this issuance will serve as the first tranche of its proposed P32 billion shelf registration.
The company’s executive committee has been authorized to evaluate all aspects related to the proposed bond offering, including the determination of the timing.”