FLI raises P9 billion from bond issuance

MANILA, Philippines — FIlinvest Land Inc. (FLI), the Gotianun family’s real estate unit, has raised P9 billion from the third tranche of the company’s P35 billion shelf registered bonds.

The Series E three-year bonds due 2029, which carry an interest rate of 7.3993 percent per annum, were listed on the Philippine Dealing and Exchange Corp. yesterday.

The issuance is the third tranche out of FLI’s P35 billion shelf-registered bonds.

The company raised P11.4 billion from the first tranche in December 2023 and P12 billion from the second tranche in March 2025.

As one of the country’s most diversified real estate developers, FLI has a nationwide portfolio of more than 280 projects.

The company develops residential communities, mid- and high-rise condominiums, lifestyle retail, Grade A offices, mixed-use estates and industrial parks.

In the first quarter, FLI saw its profit rise by 3.5 percent to P1.1 billion as revenues increased by 4.5 percent year-on-year to P6.31 billion.

During the period, the company was able to significantly strengthen its balance sheet by reducing its unsold residential inventory by P4.1 billion, driven by record ready-for-occupancy sales of P1.7 billion.