Filinvest Land Inc., the property arm of the Gotianun family, said Tuesday it paid back P5.3 billion worth of fixed-rate bonds.
FLI said in a disclosure to the stock exchange it completed the payment of the seven-year fixed-rate bonds issued on Dec. 4, 2014.
“The bonds were paid in full Dec. 6, 2021 through our paying agent, the Philippine Depository & Trust Corp.,” the property firm said.
Meanwhile, FLI is also in the process of raising a fresh P10 billion in fixed rate bonds. Last week, the Securities and Exchange Commission approved FLI’s issuance of P8-billion retail bonds with an oversubscription option for another P2 billion.
The offering consists of four-year bonds due 2025 with interest rate of 4.5030 percent and six-year bonds due 2027 with interest rate of 5.2579 percent per annum.