Filinvest Land fulfills P8.93-billion bond repayment

Filinvest Land Inc. (FLI) has completed the full repayment of its %u20B18.93-billion, three-year fixed-rate retail bonds, reinforcing its strong credit profile and commitment to responsible financial management.

The bonds, which matured on June 23, 2025, were originally issued in 2022. The company settled the entire principal amount through its paying agent, the Philippine Depository & Trust Corp., on the date of maturity.

The successful repayment marks a significant financial milestone for the Gotianun-led real estate company, as it continues to demonstrate fiscal discipline amid ongoing investments across its property portfolio.

FLI still has %u20B16 billion worth of bonds maturing later this year—%u20B11 billion in August and %u20B15 billion in December. In anticipation of these maturities, the company earlier raised %u20B112 billion in March through a fresh bond issuance. The offering, part of its %u20B135 billion shelf-registration program approved by the Securities and Exchange Commission in 2023, includes maturities spanning five to ten years.

Proceeds from the latest bond raise are being used for refinancing obligations and funding capital expenditures across FLI’s residential, retail, and industrial segments.

Meanwhile, Filinvest Development Corp. (FDC), the parent firm of FLI, is also preparing to issue up to %u20B18 billion in preferred shares. The move is aimed at bolstering the group’s capital base while maintaining financial agility amid a broader investment push.

FDC has committed %u20B124 billion in capital expenditures for 2025, nearly half of which will go toward its real estate businesses. The rest will support the growth of subsidiaries in banking, hospitality, power, and renewable energy, as well as digital transformation initiatives.

Analysts say FLI’s timely debt servicing and long-term fundraising plans indicate solid fundamentals and a well-managed growth strategy amid a competitive property market.