Filinvest Land, Inc. (FLI), the real estate arm of the Gotianun Group, is set to raise up to P12 billion in capital through the regulator-approved issuance of Peso Denominated Fixed Rate Bonds.

In a stock exchange report on Tuesday, the company announced that it secured approval from the Securities and Exchange Commission (SEC) for the offering, which includes a base amount of P9 billion with an oversubscription option of up to P3 billion.

FLI aims to support ongoing projects with the funds raised from this offering.

The bonds will be issued in three tranches: 5-year bonds due in 2030 at 6.2916 percent, 7-year bonds due in 2032 at 6.6550 percent, and 10-year bonds due in 2035 at 6.8312 percent per annum.

This bond issuance is the second tranche of FLI’s P35 billion bond program, registered under the SEC’s shelf-registered program.

FLI has appointed BDO Capital and Investment Corp., BPI Capital Corp., China Bank Capital Corp., EastWest Banking Corp., First Metro Investment Corp., Land Bank of the Philippines, RCBC Capital Corp., and SB Capital Investment Corp. as joint lead underwriters and bookrunners for the offering. Metropolitan Bank & Trust Company – Trust Banking Group will serve as trustee.