MANILA, Philippines — Property developer Filinvest Land Inc. (FLI) has secured board approval to raise up to P11.57 billion through a bond issuance to fund expansion and refinance debt. In a statement on Monday, the Gotianun-led listed firm said the planned offering represents the third tranche of its P35-billion shelf registration program with the Securities and Exchange Commission. The fixed-rate peso-denominated bonds will have maturities of up to 10 years. FLI said proceeds would be used to refinance existing obligations and bankroll capital expenditures for priority projects across its business segments. READ: FLI secures P12B from latest debt market stop Expansion […]... Keep on reading: Filinvest Land board clears up to P11.7-B bond offer