Filinvest Land Inc. has raised P9 billion from the issuance of retail bonds, according to a report by The Manila Times . The bond offering is part of the company’s debt-raising program to support its capital expenditure and refinancing needs.
The retail bonds were offered to the public and represent a key funding source for the real estate developer. Filinvest Land is a major player in the Philippine property market, focusing on residential, commercial, and mixed-use developments.
The successful raise indicates investor confidence in the company’s financial health and growth prospects. Proceeds are expected to be used for project development and to manage existing debt obligations.