REAL estate developer Filinvest Land Inc. (FLI) successfully raised P11.9 billion for its refinancing and capital expenditure program through the issuance of three-year and five-year peso fixed-rate bonds.

The bond issue was almost 10 times oversubscribed over the base amount of P8.0 billion. It also attained the highest "PRS Aaa" rating from the Philippine Rating Services Corp. (PhilRatings), and listed at the Philippine Dealing and Exchange Corp. on June 23, 2022.

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