FDC to raise P15B through bond sale

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    Filinvest Development Corp. (FDC) looks to raise P15 billion through bond sale.

    The company said it will be an initial P8 billion and another P7 billion covering the greenshoe option.

    The company said it has tasked its management to negotiate with bankers the terms and conditions of the bond sale, including its coupon. The bonds will be listed with the Philippine Dealing and Exchange Corp.

    The Gotianun family-led FDC reported profit of P9 billion for the first nine months of 2019, up 16 percent from the prior year’s P7.7 billion.

    Revenues reached PP55.26 billion, up 16.6 percent.