Posted May 29th, 2012 by Lailany P.
Gomez
[ manilastandardtodaycom ].
Filinvest Land Inc. said Monday it
started to offer up to P7 billion worth of fixed-rate retail bonds. The sale
represents the first tranche of the P11-billion bonds approved earlier by the
Securities and Exchange Commission.
Filinvest Land said in a disclosure to
the stock exchange the bonds would have a term of seven years and an interest
rate of 6.2731 percent annually. It will issue the bonds in minimum
denominations of P50,000 and increments of P10,000.
Filinvest Land set offering period
from May 28 to June 1, 2012 and fixed the issue date for June 8, 2012.
The proceeds from the bond sale will
be used to partially finance FLI’s capital expenditures for 2012.
BDO Capital and Investment Corp., BPI
Capital Corp. and First Metro Investment Corp. are joint issue managers of the
bond.
BDO Capital and Investment Corp., BPI
Capital Corp., First Metro Investment Corp. and Hongkong and Shanghai Banking
Corp. are joint lead underwriters.
China Banking Corp. is the co-lead
underwriter while East West Banking Corp. is the selling agent.
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