Filinvest Land, Inc. (FLI) has raised P11.9 billion from the issuance of 3-year and 5-year peso fixed-rate bonds to refinance maturing debt and fund its capital expenditure program.

In a statement, the firm said the bond offering was almost 10 times oversubscribed over the base amount of P8.0 billion. The bonds were listed in the Philippine Dealing & Exchange Corp. on June 23, 2022.

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