Gotianuns defer FDC’s P15B bond offering | Bilyonaryo Business News
Property

Gotianuns defer FDC’s P15B bond offering

Filinvest Development Corp., the holding firm of the Gotianun family, has postponed its planned issuance of fixed-rate bonds amounting to as much as P15 billion.

Filinvest Development Corp., the holding firm of the Gotianun family, has postponed its planned issuance of fixed-rate bonds amounting to as much as P15 billion.

The bond offer, which was supposed to start March 30, had been deferred indefinitely amid the coronavirus pandemic.

FDC was looking to use the net proceeds from the offering to refinance maturing debt.

The bonds will carry a term of five and seven years due 2025 and 2027, respectively.

 

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