Gotianun-led Filinvest Land Inc. (FLI) has completed redeeming its P3-billion constant charge bonds issued in 2011, which matured ultimate week.
“The aforementioned bonds which had been issued through the Company on July 7, 2011 matured on October 7, 2016, and have been paid in complete on the equal day via our paying agent, the Philippine Depository & Trust Corporation,” FLI said in a disclosure to the Philippine Stock Exchange on Tuesday.
The bonds carried a 6.1962-percentage yield in step with 12 months were greater than times oversubscribed, FLI in advance stated.
It stated the proceeds from the bonds partly financed the agency’s P12-billion capital expenses in 2011.
The bonds obtained the highest credit score score of PRS Aaa from The Philippine Rating Services Corporation (PhilRatings).
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